SteveTan

SteveTan

As Alibaba previous long term impulsive move was a “leading diagonal” pattern. So there is high “possibility” that its stock price “might hold” above 57.20..

SteveTan

Not just ES1 having “Good News!!!”. We probably having an “expanding triangle” here. Where triangle pattern only “appeared” on either wave b or @ “last pullback” of trend which is wave 4 ( yellow here). So..so..probably the “small crashes” since yearly 2022 might be end soon..( probably - 23.08% first).

SteveTan

Bitcoin. Why “chart pattern” works? Or we may asked why “pattern” exist.? As market are “mass participation” with “repeating “ of “fear/greed” emotions.. Anything “repeating in rhythm” there will be a “patterns”. .To “verify” whether any “pattern” will “work” in future in charts. Traders need to use their own “tools” to find is there any...

SteveTan

BJCORP with “new young talents/ directors / restructuring” after a “big rally” on 2021, possible forming a consolidated “base” which is a “cup/spoon” pattern for few years..

SteveTan

FMBKLCI’s “seem” like forming a triangle pattern in supercycle wave (b) (yellow). Price seem like contracting before “exploring” to upside “ONLY” after 2027..P/s.. it seem like most Index. E.g US, Asian point to year 2025, 2035..

SteveTan

Gold possible completed wave A ( yellow) of triangle in wave (4) (Cyan). Price now at subwave b ( green circled) of wave B ( yellow) of triangle where price could reach @ around 1615.

SteveTan

Tenaga. “Monopolized” electricity ..its price probably may only found its “base” at within RM7.250 ( Demand Zone + lower channel of pitchfork ) and RM 6.839 ( POC of volume Profile)..

SteveTan

SP500 probably will break ATH ( All Time high again ) by 2025 as we’re probably @ the sub wave B ( Red Circled) of the second leg of expanding flat pattern abc (green) which is wave b (green)..Based on the “pattern + cycle”..There is a “possibility” that SP500 will crash more than 70% toward around 2000 level. By end of 2024/ early 2025! So..”Prepare for the worst!”..

SteveTan

SPX probably still moving up to wave c ( cyan ) of triangle pattern in wave (iv)(Red)..

SteveTan

YTLPOWER. A energy’s related stock which give Average dividend of 6% for past few years. Price possible found its long term “base” with monthly hammer candlestick / pin bar pattern on major support a double bottom pattern

SteveTan

Gold possible forming an expanding flat pattern (a)(b)(c) (Red) in wave b (green circled). Where price could have “big swing “ after FOMC which might hit “stop lost” eventually for breakout traders at The “top” or “bottom” ..

SteveTan

Gold possible forming a bullish triangle while waiting for breakout to the upside after FOMC. Price has kept above 1700..As POC has shifted to the “upside” It seem like institutional buyers are holding gold price above 1700.

SteveTan

Gold/Silver chart ratio normally used by hedge fund to “Swift” within “Silver” or “ Gold” assets. They usually “treat” ratio of >=100 as buy silver instead of gold vice versa for below <= 50..Instead of follow 50-100 rules. Traders could “read” gold/ratio chart spotting where its “support/resistance” located and decide to “hold” silver or gold.

SteveTan

SPX500 or emini current “pullback” might be “stalled” at around 3980 which is 1) Next daily supply zone (Red rectangle) 2) Downtrend line ( yellow)..

SteveTan

Gold may only resume its uptrend right before/after coming this Friday NFP @ around 1675.. tips. Gold “tend to” move around $100 on any “big swings” so from 1675 to 1775 is around $100 usd . 1775 not just the 1)anchored VWAP 2)long term down trend line BUT ALSO 3)200 daily moving average ( the openly written benchmark between bull/bear)..line which turned to very...

SteveTan

Gold probably completed wave a ( green circled) now trending down to wave b (green circled)..before moving up to wave c (green circled) where it will complete wave A ( yellow) of a triangle ABCDE ( yellow) pattern.

SteveTan

Gold as US equities index, bitcoin etc might be a entering “a slaughterhouse “ where traders/investors will be “chopped piece by piece by riding roller coaster wheels “ on Oct while waiting for FOMC November’s “judgement” .

SteveTan

Ray Dalio just said he “change” his..how about you..it’s a “tr..”?... The only King of the cash now/ The US dollar probably will “retain” its “crown” until 117-118 by end of 2022. p/s possible an expanding triangle (A)(B)(C)(D)(E) in wave b (green).