ArifHasbollah

ArifHasbollah Updated 

30min TF : 1. Price break resistance and test supply zone and push back below the resistance. 2. Price break uptrend channel. Indicate SW for 30min or change the trend. 3. MACD shows bearish divergence. If the price goes for bearish divergence, possible to close the gap and target to be around 3860. 5min TF : 1. Price crosses EMA50 : Sideway/Change trend 2....

ArifHasbollah Updated 

Yesterday's price made an upward movement followed by a sideway which looks like a distribution pattern after breaking the channel. Today if the price sustains above the 3988 area, there is a chance of upward movement. 5min view later will update

ArifHasbollah Updated 

Price is still in the uptrend channel. Expect the price to retest the mid/lower channel. 5min TF, price respect EMA50. If today price cross EMA50, expect some trading range before next movement.

ArifHasbollah Updated 

Based on Wyckoff's schematic, this is the accumulation phase after markdown. We identify SC and AR. Now it is just away from the ST level... The new trading range is still developing. However, this is the possible developing channel

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The daily chart indicates price exhaustion. Testing UTL, if break below.. possible correction A,B, C with the new trading range 4081~4372

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Larger TF : 1. Based on a bigger trend is a downtrend. 2. There is a chance price to form Trading Range for accumulation or redistribution. 3. At this point, the price still unable to atleast test Fibo 78.6 for SW outlook. 4. If the price drop, the nearest TP is either Fibo 50 & Fibo 23.6 level to form ST. 5. If the price jump, the nearest TP is Fibo 78.6 1min TF...

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Possible bullish reaction : 1. EMA50 2. Support area 3. Previous pitchfork zone 4. Fibo retracement 23.6 Break all above area.. possible to get into the range back.

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1. Re-accumulation phase completed when price open gap up. 2. 1st target is 5780 area based on PnF 3. Based on fibo extensions 100% and 161.8% for 2nd and 3rd TP.

ArifHasbollah

Happy Deepavali to all Hindu fellows... This is UCL Posting :D 1. The last accumulation hit our conservative TP and currently making a new re-accumulation phase with a triangle pattern. 2. If the price can close above 5090 there is a chance the price will continue the uptrend 3. or else possible downwards movement to form spring formation. 4. Notice massive...

ArifHasbollah Updated 

1. Setup : EMA14>EMA50 = Uptrend 2. Signal: Re-test EMA14 3. Confirmation : 5min bullish engulfing + Bullish pennant pattern 4. Entry : at the low side of pennant triangle 5. SL : 10 tick below signal CS 6. TP : fibo extension 100% / until reversal CS Price near resistance but not retest yet the highest level. Risky setup possible price go down.

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1. Yesterday price able to make a new ATH with a valid breakout Trading Plan : 1. Setup : Price cross EMA50 indicates price might be downtrend or sideway. 2. Signal : Rejection @ 15min 3. Confirmation: Bullish engulfing 4. Entry: 50% of bullish engulfing 6. SL: 10tick below recent rejection 7. TP is subjective

ArifHasbollah

As we generally know that CPO products usually have a bullish trend towards the end of the year due to short supply for any reason. Therefore, if the price is still in bullish momentum, there are multiple possibilities. New contract price range (FCPOF2022) Possibilities : 1)If the uptrend is still strong, the JAN2022 contract will try to break higher and close...

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Price almost reach the conservative PnF target price at RM5113 If we look at the current condition with a shortage of supply due to many reasons, the possible next TP is RM5480 which is PnF aggressive.

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Yesterday closing market setup. Trading Plan : 1. Setup : EMA14<EMA50 = Sell trend 2. Signal: 15min Price retest EMA14 3. Confirmation: 5min Bearish Engulfing 4. Entry: at least 50% bearish engulfing body CS 5. SL: 10tick above retest CS 6. TP: 15min support area / if there any rejection If today price open above EMA14 consider the market sideway with this...

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1. Yesterday 15min CS have a reversal pattern with bearish engulfing @ 5min TF. 2. Today's price has a valid breakout of EMA50. there are 2 possibilities when price breakout EMA50 : i) Bigger sideway range ii) Continue downtrend 3. Signal: 1st pullback after a breakout 4. Entry: After bearish engulfing @5min + 15min Bearish engulfing 5. SL: 10tick above...

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Today BMD increased the min margin to RM7000 due to the high volatility of the market. Trading plan today : 1. Setup: EMA14>EMA50 @15min TF 2. Signal: Price retest EMA14 @15min TF 3. Confirmation : Bullish Engulfing @ 5min TF 4. Entry: Since bullish engulfing body CS below 10tick, enter by market order. 5. Exit SL : 10tick below retest CS 6. TP: nearest...

ArifHasbollah Updated 

1. Yesterday have bullish pennant formation. 2. Today morning open price hit TP with 1:1 for pennant formation 3. Bearish momentum strong 4. Possible formation of bearish pennant as long as not break the bearish engulfing pattern. Target TP is 120point.

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Setup : 1. Valid Breakout temporary support for consolidation area. 2. EMA14 cross EMA50 for 5min TF 3. Price crosses below EMA14 for 15min TF. Signal : 1. Morning star pattern / Bearish Engulfing pattern.