William-trading

William-trading

GBPUSD may see a limited upside between 161.8% extension level of 1.22481- 1.23846 and retracement level of 1.26456-1.22481. Should the level be invalidated, the next price will be at 78.6% of the retracement level.

William-trading

Zoom has completed its 5 wave action and it is gonna slam down soon. First, the dark cloud cover formation rejects nicely on 123.6% extension level of wave 4. Also, the bearish divergence strengthens the downside.

William-trading

SGX:BS6 YZJ is on its way to short but not yet. The sub-5th wave of the C leg must be completed.

William-trading

Bearish engulfing at 78.6% indicate a weakness.

William-trading Updated 

The wave theory suggests HKEX:1177 that the prolong flat correction will be prolonged at least for the midterm period

William-trading Updated 

5 wave down has alrady complete. Should wave 2 finish, then we will witness a grand slam down. Finger cross

William-trading Updated 

With the multi year expanded flat completed, the index futures is heading into a possible new upside territory. Should the index breaks the red zone, we will see a further impulse on the upside. Refer here to the previous 4hr count

William-trading

There is a strong possibility of the index heading into a complex double three formation.

William-trading Updated 

The Dow no doubt is still in a bearish mode on a larger time frame but we believe the wave 4 of the larger phase is entering into a series of smaller complex flats. I believe that there will be one more leg of a bullish move after a 5 sub wave down to form wave C. Rebound should be at 21600 -21243 region.

William-trading Updated 

We are going to see a prolong corrective action for a period of time. Current price suggestion suggest a potential sell reversal at 61.8$ of wave C. However im more inclined to short at the 127.2%-161.8% expansion zone of potential sub-wave ((C)) or X.

William-trading

Dark cloud cover formation on Wednesday shows a clear indicator to short. Pennant formation more or less is confirmed.

William-trading

Refer to the above post. On 3rd of April, we believe that Valuetronics Holdings rebound may continue to the 161.8% extension level and price did travel to the level at 0.595, short of 0.05 of our target price. The price did have some reaction by selling down on Monday and based on the technical, the stock is set to continue its downside: 1. The stock had a...

William-trading Updated 

Let’s see if the short plays out. Judging from the momentum, the bulls are some what slow and should if cap between the high and lows of yesterday, you bet that there will be another sell-down. However, please be cautious enough to have a tight Stop loss.

William-trading Updated 

Valuetronics has sunk Low and in light of a potential bearish flag, we see some buying action after today’s bullish Engulfing Pattern at 38.2 retracement level. However do take not this is A COUNTER TREND TRADE. So exercise some caution

William-trading

Dow Transport had a rebounded move in recent weeks but is it gonna last? Probability tells me that it would not last. First up, I believe that price may reverse at the 127.2% and should it halt, the next level at 161.8% is the good move!

William-trading

Xiaomi sell-off will continue further based on the technical below: 1. On 17th March 2020, the report indicate that there is a further sell-off till the buying zone at 9.16-9.22 region and price did rebound at the zone. However, the bearish flag formation indicate that the buying pressure is more of a corrective action as the momentum is slowing down. 2. Zooming...

William-trading

Continued downside pressure is heading for more sell-off based on the technicals indicated although the stock had a strong rebound in late March 2020: 1. The stock upside rebound was capped at the resistance turned support level at 42.55 and forming a bearish engulfing candle. 2. The bearish engulfing rejects the 50% simple moving average and closes below the...

William-trading Updated 

Microsoft has entred into a phase of corrective wave and the 5 sub wave of the A leg has been complete. Now its the first leg of the 3-sub wave of B. Bearish inverted hammer rejecting 50% Fib level gave a clue on the stock heading for another downside.