1) Bearish Gartley 2) Resistance zone 3) Double Top (if there is a reverse sign) I saw there is a Bearish Gartley is forming in 1 hour chart. The completion of D leg is on the recent resistance area. The price is expected to bounce off from that level and form double top and the Bearish Gartley will be completed at that level. DISCLAIMER: I'm only providing...
Technical - the weekly chart of FBM KLCI had completed the C leg of Bearish Gartley and heading towards D leg. The probability of this pattern turn out to be Bearish Crab is quite low as the D leg of Bearish Crab will be higher than the historical high of FBM KLCI. Therefore, any short order will only be executed wheneven there is a confirmation of trend reversal...
Sell limit at 1.454 TP: 1.424 SL: 1.459 R&R 1:6 Expecting a triple top and sharp fall on that level. SL will move to break even when the price reached 1.444