1. TR Setup formed at H4. Broke resistance and come back to retest at RBS (quite significant area as price has retest for few occasions).
2. Bullish candlestick formed, potential reversal.
3. Previously seems like a double bottom formed and also broke the triangle pattern which may sign potential reversal.
4. Bursa Marketplace rating 6, new expansion.
There are many indications that show strong buyers in the market.
1. Accumulation period
2. Daily price close above EMA6
3. Price close above EMA50 and retest mid bb
4. Stoch oversold
5. Continuation bullish divergence.
As we can see the candle became smaller. Looking for buying opportunities if they are reversal sign ,buying structure form at lower TF or compression near to support or demand area. To be safe wait until price break the TL and enter after it reverse back to the breakout area, TP at nearest resistant and SL after break support.
**Disclaimer
This account is my...
After successfully did a breakout pattern on Wednesday, the price dipped and closed just above the downtrend line while touching but not crossing below the line. There is a possibility that the price will rebound again.
Prediction: Trend Reversal - Higher-High & Higher-Low. (Rally when it breaks 0.77)
Target Price: R1=0.85-0.88, R2=0.98-1. 01 , R3=1.08-1.11
Support/Cut Loss: S1=0.725, S2=0.66
Signals:
*Yellow-Diamond (BT-bottom) has appeared on 29-Dec, an indication of the bottom reversal.
*Candle has turned from Red to Blue color on 09-Jan, an indication of Uptrend...
- price touch trendline dan terbentuk candle dragonfly doji pade 17/11 dengan kenaikan volume.
- terlibat dalam solar industry.
- stochastic dh silang
**Penafian: Kajian hanya untuk tujuan pembelajaran sahaje. Tiada " Buy Call" diberikan.
Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
Opportunity & Risk:
Green Arrow (Transparency = 0) = Representing Opportunity
Red Arrow (Transparency = 0) = Representing Risk
Green Arrow (Transparency = 30%) = Representing Alternate View for Opportunity, or less probable outcomes
Red Arrow (Transparency = 30%) = Representing Alternate View for Risk, or less probable outcomes
NO BUY CALLS OR INVESTMENT...
