FTSEMYX:FBMKLCI   FTSE Bursa Malaysia KLCI Index
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As the index FBMKLCI recently broke down from the Falling Wedge pattern, downside to Fibonacci Projection 23.6% is imminent.
It could be wrong as it could be a bear trap.
Monitor closely.
Comment: Showing sign of reversal today.
Hopefully closed above the support level.
Comment: Approaching 1519 pts Fibo 23.6% Target
Comment: Index reached the targeted Fibo 23.6% target and heading towards Fibo 38.2% at 1500 pts
Comment: Index rebound from the 1500 pts psychological support at Fibo 38.2%
Comment: Since index rebounded from strong 1500 pts psychological support on 8th July,
we can see that it is ranging between 1508 and 1525 pts.

As of this moment, index is currently on downtrend bias.

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