Placed a buy order on the Singapore 30 last week as price has continued to show strong bullish momentum.
Price not only broke past its bullish order block at 291.95 but it also give us a breakout on its downward fan showing that it is going to continue to push to the upside.
Buyers should look to add more positions once price either breaks above its key level...
Inverse Head And Shoulder- The inverse head and shoulders is a technical chart pattern that signals a potential trend reversal from a downward trend to an upward trend in the price of a security or asset(#Copied from Google.)
Wait For retest when it will come to test this level again.
But the chart is on Weekly Timeframe so it is showing strength.
All the...
SG30SGD Resistance zone possible downtrend. It find itself in a zone which acted as support and resistance multiples times in the past so it is more than possible that it happens again.
Looking at STI Weekly chart, price was in range for about 6 weeks and had a significant break down.
It will seem that the long term downtrend channel may be as a temporary support and further breakdown back into the downtrend channel will likely resume bearish outlook.
The past movement indicate highly cautious move, sell into exuberant strength seems higher...
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Asia’s current situation is showing a great bear sentiment in the market as the debt contagion continues to spread throughout Southern Asia. Our view for Asian Indexes is that the governments are using every tool/resource available to prevent a financial collapse by enacting a very bold and expensive initiative to expand trade and other infrastructure projects...
