From this chart, can be found that Bullish Shark Within Bullish Channel.
This one of example for Bullish Retracement Patterns within Bullish Trend Channels shown in Harmonic Trading: Volume Two, Page 124 until Page 126 written by Scott M Carney.
Bullish Harmonic Pattern in Bullish Channel or Ascending Channel may indicate continuation pattern in Channel or rather...
Potential BAMM is found using Secondary Derived Retracement 0.382 from Point B at MYR 2211 .
Expected PRZ at MYR 3192 within the next 469 days.
Bat Action Magnet Move BAMM Theory Educational (Source Code)
Harmonic Trading Ratios Educational (Source Code)
BEARISH (M) LAZY (Z) 5-0 was found, however this pattern is not valid due to C not valid due to less than 1.618.
C should be between to 1.618 to 2.24.
Valid Reciprocal 0.5 AB=CD is more preferred.
Price action still within sideway trend.
Expected risk reward should be 1 : 1.
2 Types of Chart Pattern are Continuation Pattern and Reversal Pattern as show in the chart.
1. Symmetrical Triangle
1. Ending Diagonal
2. Expanding Diagonal (Broadening)
For best practices, draw channel and then adjust the 2nd line to confirm either triangle or diagonal.
Example Up trend :...
Bearish 1.41 AB=CD and Bearish 1.27 AB=CD was found on 20 Apr 2021 23:30 UTC+8.
Break out with Gap Up happened on 27 Apr 2021 21:30 UTC+8.
Found Ascending Channel, expected to go up until USD 104.09.
EP : USD 100.13
R1 : USD 104.09 @ 3.95%
S1 : USD 96.24 @ 3.88%
Risk / Reward Ratio : 1.02
Gartley pattern was found on 26 April 2021 21:30 UTC+8 with Risk/Reward Ratio : 1.41, R1 : USD776.91 and S1 : USD654.30.
Elliot Waves correction ABC was found twice on 30 April 2021 00:00 UTC+8 (RSI Oversold) and 1 May 2021 01:30 UTC+8 (RSI Overbought) with Risk/Reward Ratio : 0.62, R1 : USD711.38 and S1 : USD695.11.
Bullish Butterfly has been identified on 28 May 2020.
Diamond has been identified on 15 Sept 2020.
Bullish Crab has been identified on 15 Dec2020.
Resistance 1 : 0.380
Resistance 2 : 0.420
Support 1 : 0.320
Support 2 : 0.280
Bullish Butterfly Identified on 10 and 17 Nov 2020.
Breakout on 10 Dec 2020 and has trading above its sloping 20-Days Moving Average which is a good sign.
Resistance 1 : 0.680 (23 Oct 2020)
Resistance 2 : 0.675 (4 Nov 2020)
Support 1 : 0.635 (19 Oct 2020)
Support 2 : 0.620 (10 Nov 2020) - 1st Bullish Butterfly
Support 3 : 0.615 (10 Nov 2020) - 2nd Bullish...
Technically, it is not looking good for SAPRES as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line.
This is further compounded by the recent bearish breakout of the support level of 0.385.
This breakout was accompanied by a higher than average traded volume which shows the bearishness of the traders to push the...