Buy signal for PAOS observed on 4 Jan '24 at RM0.390 based on the MRV2 setup, a higher risk version of the original MRV1. MRV1 triggered on 19 Dec 2023 at the closing price of RM0.405. The support area could be established at the equilibrium support area of RM0.380. The suggested stop loss is set lower at RM0.360 to maintain a minimum risk of 10% and avoid a...
Nice Trendband cycle build up. Now pullback to test Down Trendline. See how next candle react. Maybe looking for new Higher Low? EP at pullback as trading plan (right-top)
WAIT for the yellow candle for entry confirmation, with volume flow analysis, stop loss below weekly support (accumulation area spotted )
*Study Counter* CI - Market is trending for possible spike WM - Whale in high volume, but looks like starting to look down MM - Peak and heading to oversold Pattern - complete Falling wedge, complete head and shoulder and complete Bearish Gartley Pattern, already past 1st target, possible to heading to 2nd target at 0.445 if whale start disposing) wait...
The price closed above MA20 hence high probability of a reversal signal. MACD and OBV charts do not yet show divergence signals. When MACD and OBV charts show divergence signals then it will be a long position trade. Put this in your WL and watch out for divergence signals. R 0.545 S 0.345
My Expectation using Butterfly pattern in Hourly TF for price can drop to 0.25 (1.27%) and rebound back to 0.38. #TAYOR MYX:PAOS