FKLI TRADING : 324) sideway : a sliding down downtrend
this is number 324...
It has been downtrend since 5th May 2022, from the top 1612 and now waiting for the news frm 9th May 2022. War-infested regions might escalate or stop after today. now, waiting for 1540 to see whether it is the reversal point or slide lower. Overall, fkli is still in sideway. We are still looking at the bottomline at 1480, the lowest current low and the 1612, the closest high. Once these boundaries are broken, then we might have uptrend or downtrend but as long as we are still within these range, fkli is still locked within these walls.
So, not much strategies on consolidation market, but counter-trend is probably the best strategy now.
resistance : 1600-1612
support : 1570-1578
support : 1547
critical support : 1480
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
It has been downtrend since 5th May 2022, from the top 1612 and now waiting for the news frm 9th May 2022. War-infested regions might escalate or stop after today. now, waiting for 1540 to see whether it is the reversal point or slide lower. Overall, fkli is still in sideway. We are still looking at the bottomline at 1480, the lowest current low and the 1612, the closest high. Once these boundaries are broken, then we might have uptrend or downtrend but as long as we are still within these range, fkli is still locked within these walls.
So, not much strategies on consolidation market, but counter-trend is probably the best strategy now.
resistance : 1600-1612
support : 1570-1578
support : 1547
critical support : 1480
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
