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RISING WEDGE SIGN FOR A MARKET CRASH?

FTSE Bursa Malaysia KLCI Index (FTSEMYX:FBMKLCI)  
traderfiz  
FTSEMYX:FBMKLCI   FTSE Bursa Malaysia KLCI Index
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
Rising wedge is a bearish pattern that begins wide at the bottom and contracts as trading range narrows and the prices move higher. For a short term, the price might bullish and can consider to buy at price RM 1527 since the price in completing Wave D before it will moves to complete Wave E based on Elliot Wave structure. Last but not least, monitor the price action to minimise the risk when have an entry position and control money management.
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