The rising of the ftse has ended this weekend, therefore next week may enter into Retracement period. It may take one week or with two week to complete the retracement, then might rise again. The reason of the prediction is because if we look into week trend, the new higher point is just about to start. This give us credible basis to believe that the trend will...
We have a nice week at 23/08 to 27/08, however we have to prepare for the retracement in future. It might be a big retracement day before National Day, after that might start to drop. Simple analysis as my main analysis is Hang Seng Index, but the whole week may be a bearish trend
KLSE is completing Wave iii of (i) of 3. The uptrend just begun. Should expect more goodness in Malaysia's economy soon despite upraising Covid-19 cases. Stay save everyone.
FBMKLCI in a downward channel. With the formation of new government, will it be able to improve the sentiment against Malaysian stock market ?
Forecast if Foreign Fund did not participate at least 25% above.
FBM KLCI on short term perspective is on an uptrend and within this 2 weeks to 1 month has the possibility to gain 10 points and remain neutral until the next turn happen. Price on daily is moving above the 20 & 50 MA with a positive internal technically. Sentiment & news might cause some volatility but the index appear to be bullish
As projected on the chart, follow the movement with the bars pattern.
My prediction using method Elliot wave + Fibonacci Extension Retracement + Trendline Come on Bursa Malaysia Ku. Go go Bursa Ku
Looking back using term history repeat itself it can be predicted that current situation is similar what had happen on last year From August till November market is downtrending and rebound at November until mid of December Next obvious major reversal support previously is at 1452 area with strong upwards movement Currently bursa is struggling by parliamentary...
Ke manakah hala tuju FBMKLCI? Indeks hanyalah indeks, pedagang masih boleh membuat keuntungan walaupun indeks pasaran sendu bergantung kepada kemahiran dan ilmu masing-masing. Namun kajian indeks tetap penting sebagai langkah menyediakan payung sebelum hujan hahahaha #kerajaanderhaka
How to Trade when you see the Gartley Pattern? What to consider to enter the trade? To enter a Gartley trade you should first take note of the pattern and then confirm if it is valid or not. Outline the four price swings on the chart and check to make sure they respond to their respective Fibonacci levels to draw the Gartley pattern on your chart. Ensure you mark...
How to trade when you see the pattern? Trading a bearish Crab pattern To trade a bearish crab pattern, put a short (sell) order at point D (the 161.8 percent Fibonacci extension of the XA leg). Entry: Identify where the pattern will end at point D, and place your order Stop-Loss: Put your stop-loss just below point D Take Profit: The location of your profit...
How to trade when you see the Cypher pattern? While trading the cypher pattern, you will apply a set of simple rules. They will try to minimize risk and maximize profits. Even though there is one more important step to learn before defining the cypher pattern trading strategy rules. Step 1: Drawing Cypher patterns Click on the harmonic pattern indicator located...
How to trade when you see the Shark pattern? The ideal method used to trade a shark pattern is quite different from that used for other chart patterns. The take profit can be at 50 to 61.8 percent of BC . The way to trade this pattern is to go in at the open of the next candlestick after the harmonic indicator has detected the pattern. As soon as the C-leg forms,...
How to trade when you see the Bat pattern? Before trying and trading the pattern, confirm from this checklist that the pattern is real. It should include these vital elements: An AB=CD pattern or an extension of this pattern An 88.6 percent Fibonacci retracement of the X-A leg A 161.8 to 261.8 percent Fibonacci extension of the B-C leg Next will be to look at how...
What is the Alternate Bat harmonic pattern? The alternate bat pattern is a variation of the Gartley pattern. Scott Carney developed it in 2003. It is popular for incorporating the 1.13XA retracement as the defining element in the Potential Reversal Zone (PRZ). The alternate bat harmonic pattern is one of the most precise trading patterns that works exceptionally...
How to trade when you see the Butterfly harmonic pattern? Before trading the butterfly harmonic pattern, confirm from the following checklist that the pattern is real. It should have the following vital elements: AB= an ideal target of 78.6 percent of XA leg BC= minimum 38.2 percent and maximum 88.6 percent Fibonacci retracement of AB leg CD= Is a target between...
Projection of where the Malaysia Market will go in the near future. Maybe due to the political issue and unresolved Covid-19 issue. The projection been carried out using harmonic pattern which showed 3 possibilities. it can go as low as 300 points lower than current point.