Long
ENTRY IDEA USING ELLIOT WAVE & FIBONACCI
Elliot Wave (EW) one of the most popular technique to identify the market structure. So for this counter, I'm using EW technique as we can see the price keep making higher highs and higher lows. This technique can be combine with Fibonacci Retracement to know exactly where the price will pullback. My favorite retracement level is marked in the Green Zone area which 0.382 Fibo Level at price RM 0.155. So if price reject in that area, I will consider to entry long for this counter.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.