Prediction using method Descending Line Reversal Pattern, Elliot Wave, Confirmation BODTL HH and Fibonacci
Bursa index looking forward better soon. Life is BEGIN.
Price currently been trading at secondary test phase C after shakeout settled above middle BB.
Bullish engulfing on 31 Dec 21 lower acting as immediate support $1533.
Head and shoulders pattern spotted in phase B into phase C confirming this shakeout could be valid.
Bullish divergence spotted on 3 Feb 20 high 30 Jul low indicate a bullish might taking control...
KLCI index closed with a good candlestick pattern today, but it still within Key Candle support and resistance zone, once it breaks Key Candle high point and short term resistance, crossed check with KDJ, appear to be bottom deviation with the chart, it's good chance to have technical rebound soon, and chance to hit previous gab down resistance area. So KLCI is...
KLCI 13/11/2021 1546 , 1560 will be the first two strong resistants for now but good sign is KLCI able to hold in the sideway trend with the rebound on Friday.
Bigger picture - this cycle that started after the 1998 Asian financial crisis is coming to an end.
Expecting a major 70-80% drop possibly in first half of 2022.
Prior to this we may have a year-end rally and final melt-up in the US exchanges.
