TF Daily; 1. MA 7,21; Golden Cross (upside) 2. Marking major TL 3. Identify chart pattern; Falling Wedges (Favor to upside) 2. Price breaks major TL indicate trend direction (uptrend) 3. Set Fibonacci Retracement; Target TP = 0.5 - 0.618 TF 1hr 1. Look for BUYING only 2. TL; a. wait for bouncing at TL, BUY at Support TL & hold, b. SELL only when bounce at...
Current price is in strong supply zone. Expect price to continue drop to the next demand zone.
1. Price rejected at upper trend line in supply zone. Expect price to continue drop to next demand zone. 2. Price maybe break the upper trend line as it bring the momentum from the previous significant rally.
Expect price to retest bearish engulfing breakout & continue to break channel support trend line.
Expect price to retest bearish engulfing breakout & continue to break channel support trend line.
Expect price to retrace for final retest & break the descending triangle pattern to rally to fibo extension 0.618
Expect price to retest resistance level & trend line after confirm breakout.
SUPPLY ZONE SUPPORT BECOME RESISTANCE BREAKOUT SUPPORT TRENDLINE
PRICE ACTION SUPPORT & RESISTANCE LEVEL SUPPLY & DEMAND ZONE TRENDLINE
PRICE ACTION SUPPORT & RESISTANCE SUPPLY & DEMAND ZONE TRENDLINE
REVERSAL AT MAJOR RESISTANCE LEVEL BREAKOUT SUPPORT TREND LINE SUPPLY ZONE