Currently Uptrend after succeed to break the down trend.
In ranging area of wave 4; 0.260-0.315.
Wave 5 TP;
1. 0.320
2. 0.340
3. 0.355
If price break 0.260 with volume, wave 4 still valid and go to 0.250 or 0.230.
but, if the price touch 0.220, wave 4 is void.
for education of wave.
Case study ICON on EW.
Current, short term distribution based on pnf chart sbb collect dekat bwh tu kejap je but if berjaya maintain atas 0.110, dia akan buat fasa re-accumulation (0.110 - 0.150), main ranging, indi stoch.
if break 0.110,
next pit stop;
1. 0.105
2. 0.095
3. 0.075 (aku bias dekat sini sbb ada gap tak close)
education purpose.
Short term reversal appear in the chart with the spinning top candle.
Try to break short term downtrend.
Price need maintain above the support line 0.280
TR: 0.280 - 0.315
