zek_khamzah

zek_khamzah

If the price break the Channel 1, there is high possibility that Cup and handle pattern is in the making. C&H Confirmation is when the price break the Neckline 1. Entry point 1 is after daily candle close above the channel. TP1 is before neckline 1. Entry point 2 is after daily candle close above the Neckline 1. 1. This theory is invalid if the daily price...

zek_khamzah Updated 

Rounding bottom pattern validated after neckline broken last 2 weeks. Last week the price has broke the resistance since 2013 with volume. TP1 0.175 TP2 0.225 CL 0.13 1. PA is on a strong recovery trend in technical and fundamental. 2. Aluminium spot price and demand is increasing. 3. First solar (NASDAQ listed company) is their client, which is going to...

zek_khamzah Updated 

The recent daily candles shows that inverted cup and handle is in the making. Inverted CNH pattern is valid when the daily candle close BELOW neckline with high volume above monthly average (Scenario 1). The pattern is invalid when daily candle close ABOVE down trend line (Scenario 2) If neck line is broken, next price will test strong support 0.27

zek_khamzah Updated 

It may takes a week or two for confirmation. If the daily candle break 0.39 support, the form will be broken and make the theory is invalid.

zek_khamzah

Today's daily candle has filled the gap down on 27th Aug. If this daily candle for this week break the resistance 1.75 we can assume rounding bottom pattern is valid and price will continue to climb. Pay attention on volume as well as we need volume more than 1 month average to support pattern confirmation.

zek_khamzah Updated 

1. Gap up on 1st Sep followed by higher price with high volume on the next day made the 0.08-0.085 area a strong support. 2. Coincidentally, daily EMA50 line is also now at 0.085 area make it one of highly congested area. Scenario 1 : The price will testing support before bounce back (BULLISH) Scenario 2 : The daily candle will fill the gap between 0.08 and...

zek_khamzah Updated 

Scenario 1 : If candle tomorrow open above gap and close above gap with high volume, island reversal pattern is completed and price will fly high. (This is a rare and strong signal) Scenario 2 The gap will be filled first before price continue climbing Scenario 3 If candle tomorrow open below gap and close below gap with high volume, reversal candle pattern...