My Prediction KLCI Will Drop to 1230-1250 pointsMonthly Time Frame
My forecast for long term move on Monthly TF, our KLCI will continue downtrend to complete correction wave at around 1237 points as long as price didn't break previous extreme high at 1900. I forecast that Correction will be in triangle pattern and at the same time will complete sub wave 4 then will make a drop to fibo 0.382 at 1237 point to complete sub Wave 5 and wave C. If let say the price terminate at fibo 0.382 ( end of Cycle wave 4) then I can say a bullish ahead to start of Cycle Wave 5 I hope my prediction will go wrong and KLCI will be in uptrend very soon.
FBMKLCI trade ideas
Order in the midst of chaos and complexityMarket Geometry is a fascinating phenomena.
The philosophy and principle behind the Market Geometry is that there is Order, Symmetry, Harmony in the midst of complexity and chaos, as manifested by human behaviors in the market.
This is another illustration of such phenomena using Gann Box to create market geometry.
After creating Gann Box B1 to B4, we can make a projection of possible market behavior in the next time period.
My video course on "Buy Low Sell High" is following the ancient China wisdom with much emphasis on Harmony with the Nature and Universe in the midst of chaos and complexity.
The Importance of understanding Internal Energy of the MarketMajor world events & KL Composite Index over 44 years.
Major world events such as
Black Monday : Aug-Dec 1987
US Recession : Aug-Sept 1990
Mexican Financial Crisis : Jan 1994-Jan 1995
Asian Financial Crisis : Feb 1997 – Sept 1998
Dotcom Bubble : Feb 2000 – Apr 2001
Sept 11, 2001
SARS : Apr 2002 – Mar 2003
Global Financial Crisis : Jan 2008 – Oct 2008
European Debt Crisis : Jul – Sept 2011 –
Oil Glut : Oct – Dec 2014
COVID : 2020-2022
Ukraine Crisis : 2022
The major world events as shown in vertical blue columns.
What is of significance is that the occurrences of these major world events are in the golden uptrend channel.
What is the implication?
In my video training course "Buy Low Sell High", I explain that market system has its internal strength and weaknesses and its own "healing energy" to make correction to these negative events and still move forward.
It is like our own human system with its built in immune system that is designed to overcome major diseases.
Hence it is important to study and analyze the Internal Energy of the market system and not be derailed by overlly focus on events.
Lines Construction creates order of the chaotic market behaviorThis is Malaysia Kuala Lumpur Composite Index as @17th June, 2022.
The market behavioral patterns are similar to any other market from the Technical Analysis point of view, using Integrated and Holistic Approach.
A market graph looks chaotic but when some meaningful construction lines are made, you can see patterns and trends and make some projection into the future market scenarios.
This market continues to be bearish with consolidation. The market will likely move to the moving average of the Bollinger Band.
The MACD histogram needs to complete its negative sine wave.
And the Stochastic will be in oversold region for some time to come.
12th July will be an interesting timing to notice how complete is the consolidation.
FBMKLCI - Expecting a Rebound Rebound condition :
1) FundFlow+ indicator - Bull signal appears today, it signal a rebound/reversal thereafter
Support & Resistance:
S : 1535.89
R : 1610.15 to 1614.07
DISCLAIMER:
This script indicator is solely for the purpose of education / opinion sharing only, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.
Thank you.
FBMKLCI - Looking forward a correctionRetracement condition :
1) FundFlow+ indicator - Bear signal is out when FBMKLCI reached its top at the resistance between 1614.07-1610.15.
Support & Resistance:
S : trendline (a)
R : 1614.07 to 1610.15
DISCLAIMER:
This script indicator is solely for the purpose of education / opinion sharing only, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.
Thank you.
KLCI HUGE SELL OFF!As previously forecasted, price may fall as a result of decreasing buyer demand. Price is currently in a channel up movement and if it can hold 1575 - 1580, it may retest 1600 (short term recovery). However, if the price falls below 1575, there's a high possibility it will plummet to 1557 area.
FBMKLCI Analysis(28 MARCH 2022)-A lot of price action visible when lowering the timeframe.
-Compression is a signal for upcoming bearish.
-Maybe the price will make a fakeout at the supply zone.
Sorry my english bad.Have a nice day and stay safe everyone!
Disclaimers:-
I AM NOT A FINANCIAL ADVISOR,EVERYTHING I SHARE IS JUST MY OPINION.
KLCI index closed with bullish candlestick patternKLCI index closed with a good candlestick pattern today, but it still within Key Candle support and resistance zone, once it breaks Key Candle high point and short term resistance, crossed check with KDJ, appear to be bottom deviation with the chart, it's good chance to have technical rebound soon, and chance to hit previous gab down resistance area. So KLCI is looking positive for short term trading. The worse case is KLCI go flat and accumulate within Key Candle resistance area.