A typical Rising Bottom (Re-Accmulation Schematic #2)
Despite huge supply on 6th & 14th February, price still trending Up (Red Arrow)
In terms of price action, nothing to be pointing as it is very obvious to Wyckoffian
So, Based on presumption of BUEC :
Tried to get in around 1.63-1.64 , failed
Bursa Malaysia has been experiencing a very tough environment past few months,
With Foreign Inst became Net Sellers (Consecutively)
Ep with SL as attached, Tight Risk
Pure Wyckoff
Despite huge supply on 6th & 14th February, price still trending Up (Red Arrow)
In terms of price action, nothing to be pointing as it is very obvious to Wyckoffian
So, Based on presumption of BUEC :
Tried to get in around 1.63-1.64 , failed
Bursa Malaysia has been experiencing a very tough environment past few months,
With Foreign Inst became Net Sellers (Consecutively)
Ep with SL as attached, Tight Risk
Pure Wyckoff
Trade closed: stop reached
cut loss as planned
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.