potential TP at RM4.00 buy at potential buying zone TP at 4.00 SL 1ATR below
As price able to move above the sell zone, after hit our conservative TP price start to fell down back. As moving down, few demand started to emerge against the motion. As CO and ITF have their value below, supply need to be testing around the RBS zone. If demand dominating, favor our long position around those levels.
Absorption above RBS in sell zone. When supply already drained out, markup phase will begin
As supply emerging at the level of conservative TP, price are vulnerable to reaction. Expect price to form a new trading range or test previous high before going for aggressive target profit.
Trade in range. For a conservative trader, hammer as a reversal candlestick pattern will need a confirmation candle to start their own trading