Spotted this bullish setup of a harmonic crab pattern in the upward channel. Price action plays an crucial confirmation in the potential reversal zone (blue box) for a target of MYR 3502.
I guess many profit trader/position trader gained in the past months, could face the losses in the last 1 week (including me). Too bad, market fool us once again. **news said - export data slow down due to China, India demand drop. But, I would say "bear" shit. I wait for reversal and wait for the price above/back to MA/EMA 20. Rest !
this is haidojo and the number is 249 ... As I has mentioned earlier in trade 247(go watch it if you haven't), critical support is at 3670, if it has been broken, then downtrend has arrived. what I don't expect is a fast-dropping downtrend...I tot the transition will move frm "uptrend - sideway - downtrend"... instead, what has happened is "fast uptrend --- fast...
market always fool us, it could go down to 3670/3600 or it just gap up and moving up tomorrow, kill all the SHORT fellow. Anyway, im holding Long positions.
Technicals Major S: 3.6-3.7k (nearest support) ; 3.2-3.4k (prev consolidation range) Major R: 3.8-3.9k ; 4-4.2k ; 4.4k (ATH) ; 4.8k (Weekly breakout projection) 👇🏻 Prev idea on potential CPO New Bull Cycle: 👇🏻 Dec Bullish Call on CPO: 🔔 Q1 Risk Factor to Watch: Covid, Reinstating/further extension of MCO , Political instability (Malaysia), US...
this is haidojo and the number is 247 ... after consolidating for a few days, fcpo-march today evidently has a huge drop... if you trade using other method, pliz use back ur own methodology but the way I do it is...as long as the support 3670 holds, it is still uptrend/// however, if this level of support is broken, then a reversal is said to happen... observe...
this is haidojo and the number is 245 ... After playing sideway for 2 days, fcpo-march has formed new support level, lower level at 3660-3680, another one at 3775-3800... but one more thing, next week is the last week before the exchange date, which happens every month on the 16th, so the interest for trading fcpo might fall drastically and the inevitable boring...
this is trade 243 frm haidojo trading... finally the tp 1582 is filled...so a possible reversal frm 1573 low that reach somewhere in the middle of nowhere...so, what's next? 1) possible downtrend continues, 1600-resistance blocks it, then fkli-jan nosedives frm its price now to make new-structure low, and downtrend persists... 2) market advances a bit higher to...
this is haidojo and the number is 242 ... as predicted earlier on 4th Jan 2021, fcpo-march persists in uptrend... now, the next level is challenging the Feb 2011 high-3890-3967, the price which has not appeared at least in the past 8yrs++,close to 9yrs. If this level of resistance is breached, then fcpo is looking at the 12-yrs historical high ranging frm 4334 -...
this is haidojo and the number is 241 ... after hovering in sideway for around a week, fcpo-march resumes its momentum in moving uptrend in this new year 2021! today fcpo-march has gained a strong momentum of gap-up go-up scenario and definitely releases a "green light" for both breakout trade and also a long position...so, it is a good start for new year and new...
this is trade 240 frm haidojo trading... After 2-weeks of absence, this is the first episode in this new year 2021...so happi new year... fkli-jan has been stopped at 1615 and the next level of support is at 1582... however, if the price moves higher than 1650, then we might face another round of reversal... so, to make long story short go for "short-on-rebound"...
this is haidojo and the number is 232 ... JUz as I am happily anticipating the market to move towards certain direction, price action of fcpo-feb has slapped me right in the face with its inches-up higher and glide sideway...moreover, fcpo-feb is expiring soon... so till 16th dec, I guess...sideway....sob sob *plan your trade and trade your plan... gud luck* ...
this is haidojo and the number is 231 ... a gud news, finally a breakout and uptrend persists... if you trade a breakout, then make sure your eyes wide open... *plan your trade and trade your plan... gud luck* resistance : 3620 current resistance : 3414-3450 (bull resumes its momentum abv this level) support : 3280 WARNING! RISK DISCLAIMER : this is...
CPO price consolidated past 1-2weeks, forming a nice launchpad towards higher price levels -- Bullish Flag pattern. 🚀🚀 Price still running in a mid-term up-channel, with an upside target zone: 3.5-3.6k & 3.7k ; similar to which suggested by the flag. 🔔 Overhead Resistance: 3.4k, 3.5k, 3.6k, 3.7-3.8k ❇️Prev idea still largely intact, only now with added...
this is trade 228 frm haidojo trading... things have been moving faster than expected, I thought that the sideway market is going to extend into Dec 2020... look like the reversal has come a lot faster...resistance has been formed at 1615 and exactly that spot was the previous selling region... reversal is confirmed if the level 1574 is broken...let's look at...
this is haidojo and the number is 227 ... sideway market and it is totally reasonable since it is coming to the end of the year... with celebration and new resolution coming, there is less and less volume in the trades...so sideway market for both fcpo and probably fkli too...haiz... Overall, fcpo-feb is still in uptrend...maybe slowly glides up... watch out for...
A potential to go short with a bearish harmonic 5-0 type-II setup. Higher probability for the price of fcpo to go south if it stayed below the red dash TL with a target price of 3163.