SteveTan

SteveTan

Dollarindex Back to previous idea on 19/July/23 that wave A (yellow) is an expanding flat pattern abc (green circled) where price will slightly above 105.883.

SteveTan

SP500 wave (2) (blue) is probably a running flat pattern ABC (yellow). Where pull back price probably stalled @ 4498 +/- .. A confluence zone of 1) Trend line ( red) 2) Order Block (Red rectangle )

SteveTan

DXY aka dollar index price instead of forming expanding flat pattern, probably is forming a running flat pattern where price will be kept below 105.883 for time being.

SteveTan

Gold's "market maker" seem like knowing that majority are waiting for < 1900, so...They made it "u-turn" @ 1900.97 (fxcm) by forming daily pin bar?...

SteveTan

Gold by breaking previous low, gold is trending down to 1898 +/- as previous idea. As 1898 +/- is a confluence zone of 1) Demand Zone 2) Trend line.

SteveTan

GOlD price obviously hit liquidity @ trendline ( the white line ) with long wick, stopping out those long positions.

SteveTan

Gold current shown wedge /flag pattern but checking from its "Z-factor" it's a leading diagonal ( wave 1 ) pattern not wedge pattern as majority perceive.

SteveTan

Tawin possible formed a double bottom on daily chart at major support zone As Its stock Price correlated to Copper..

SteveTan

USD just broke Buy Side Liquidity / Stop Hunting zone @ 104.699 which is ..? AND more importantly what will happen to the correlation within Gold and SP500? start moving different direction or same? until 21 Sept 23? Depend on whether it is "risk on" or "risk off"?

SteveTan

Topglove stock price breaking 0.850, which is subwave ii (cyan), so most likely "bottomed in"..

SteveTan

By "breaching" 0.80 again and reached 0.725 as last post on 20/May/23. Market Maker finally "creating panic selling!". But checking from smaller/lower time frame chart. its price still have high probability reaching @ 0.71-0.70 +/- before multi years bottom formed!

SteveTan

I must be reading chart wrongly as no matter how many time I reviewing its all time history chart it still shown a "Very Big bearish Triangle" waiting for........

SteveTan

YTL power have been surging up for more than 100% since last post on 8/Oct/22 @ 0.686 (before bonus split). No more slow and steady? or Zzzzz?

SteveTan

Trading is a "Very tough journey" which every trader must go through min 5 years basic degree university..( BUT only < 5% will get passed) After 15 years of trading. You will not need any indicators BUT just to "drawing few lines on chart BUT not as drawing any lines like you like as a kids"...A New Trader's Journey to Success by FX Articles ( from forex...

SteveTan

Apple probably give us rare change to have its "new" phone with more than 20% discount with "unprecedented" rare chance to have its phone "appreciate" more than 40%...

SteveTan

KLCI on last "pull back" since 2014 down trend. What "Big Plan" after 12 August 2023 State Election?! KLCI currently at wave (c) (red) of expanding flat pattern (a)(b)(c)(red) = After completing wave (c). Price will down to 1300 +/-.

SteveTan

After reviewing SPX smaller time frame chart and referring back to the "bigger pic". SPX probably at its top "temporarily". P/s. There are many gurus/ textbook written "documented" that E.G : "Market is unpredictable";' Never try to predict the market".. BUT but.. not just Option / Future trading instruments but many others instruments "are designed" for "Big...

SteveTan

US Dollar aka DXY start bouncing up above 105.. So what will happen to Gold, Euro, Equity market?