Fkli
FKLI TRADING : 293) building base but not confirm reversal yetthis is number 293...
after breaching below the strong 1550 support level, fkli july has been trading below it since...the recent move is...hovering below 1515 and reached low at 1500...1534 has to be breached to confirm a reversal...till then, still a sideway market with bear in charge...bull has lost its fight and not sure when it will return...
IF you are keen on fundamental analysis, then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
but normally, before the news come out, price action already made the move...that's why, I am not a fan of fundamental analysis...
it is not the bad news which "kills" the market, it is usually the uncertainty...so sideway market breeds advanced pattern, so if thr is any, I shall update...gud luck folks...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1523-1533
critical support : 1515
lower support : 1486
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 291) consolidation phase-bullish bat patternthis is number 291...
another advanced pattern discovered side-by-side to the earlier advanced pattern, bearish cypher pattern...this is a bullish bat pattern...\
entry level is the controversial 1550 ---super strong support, also the indicator of sideway or bear market...entry is possible at 1552, SL below 1545, 1st tp 1570...no 2nd tp...haha...not sure if it is going back up this time...we hit this level at least 4 times this year alone...
the higher the frequency of the hit, the "softer" it gets, so, gud luck folks...
*plan your trade and trade your plan... gud luck*
higher resistance : 1592-1597
immediate resistance : 1572
critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 290) consolidation phase-bearish cypher patternthis is number 290...
this is a late discovery...I actually forgot to post this online...sorry for all inconvenience caused...the discovery is bearish cypher pattern, a small pattern which happened on 14th june 2021...short position at 1586-88, SL abv 1593, 1st tp 1572, 2nd tp can hold till "stop-and-reverse" position at 1552, it is at this point whr we might have a bullish bat pattern...will make the intro in next episode...
*plan your trade and trade your plan... gud luck*
higher resistance : 1592-1597
immediate resistance : 1572
critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 289) consolidation phasethis is number 289...
gud news is, both the previous advanced patterns hit their targets...(check back 286 and 285 for detail)
bad news is, fkli-june is still in sideway market...
If u play with trending strategy, this is the worst case scenario to work with...however, advanced patterns could save the day...
as the saying goes " consolidation breeds advanced patterns" ...
so either we wait for more advanced patterns to come...or wait for breakout...
Again, pls get your trading plan first if you have none...this is crucially important if you treat your trading like a business, not gambling...
if you have no idea what is the winning rate/losing rate of this trading method, and what is the worst-case scenario, how it performs in the long run, dun trade this method...use anythg that u are familiar with, that u know the risk...alwaz be careful with those who promise u stars and moon, and a guarantee "quick-fix"...as thr is no such thing in trading industry...
*plan your trade and trade your plan... gud luck*
higher resistance : 1592-1597
immediate resistance : 1575
critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 286) bracketing market with 2 advanced patternsthis is number 286...
as a continuation frm previous 285) episode, I would like to suggest another advanced pattern to look at, a bullish bat pattern...
the formation of leg D is possible at the critical support near 1550, which is at 1553-1548...
SL can put a few points below that, 1st tp 1575, 2nd tp at 1586...
So, by putting the 2 advanced patterns together, we successfully bracket the market with short range frm 1586-1592...
and bullish long frm 1548-1553...this is a pretty gud strategy to use during consolidation phase...which the market is going tru right now...
Again, pls get your trading plan first if you have none...this is crucially important if you treat your trading like a business, not gambling...
if you have no idea what is the winning rate/losing rate of this trading method, and what is the worst-case scenario, how it performs in the long run, dun trade this method...use anythg that u are familiar with, that u know the risk...alwaz be careful with those who promise u stars and moon, and a guarantee "quick-fix"...as thr is no such thing in trading industry...
*plan your trade and trade your plan... gud luck*
immediate resistance : 1586-1593
support : 1575
critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 285) a tiny-winy bearish gartley patternthis is number 285...
it is unbelievable...but 1550 support still holds...the longer the price lingers in this region, the higher the chance of the fkli-may to rebound...
for real...now we might have a small chance of trading sideway market...a bearish gartley pattern...it is actually a deep gartley...
short position at 1586, SL at 1590...a really tight range...1st tp is possible at 1575...2nd tp at 1570...\
if you dun trade advanced pattern, dun do it now...if you have no trading plan, find one...if you have never tested any strategy that I have mentioned, dun trust me 100%...trust your own testing and your own eyes...this is not a trading signal channel, dun treat it like one...
I am not responsible for any of your loss...
*plan your trade and trade your plan... gud luck*
immediate resistance : 1586-1593
support : 1575
critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures, crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
May17: FKLI (Weekly) - Sideways-Down <R1 @161x-3x 📉🐻Momentum turn from neutral to slight weakness...
Major Support at 150x-3x still holds , albeit weekly close below ema100 (~158x area)
❇️ Fundamentals:
Market sentiment likely dragged down by deteriorating COVID situations, both nationwide & worldwide.
Q2 GDP figure unlikely to be favorable (despite mainstream media bullish projections)
Commodities price spike + money printing: Inflationary pressure will continue to add to households burden & current economic woes.
❇️ Interested in initiating Positional Shorts on FKLI should:
1) Upon failing of S1 zone, 2) COVID worsen, 3) Tightening on MCO3.0 SOP
Happy Hunting! Stay Safe! ⭐️
-JK-
FKLI TRADING : 283) after a false breakout, then heading souththis is number 283...
resuming the analyst frm the previous month, it is proven that the false breakout on 26th Apr was a mere "window-dressing" of the month...
right after that, fkli-apr and fkli-may are in total downtrend...today, it has broken below the support of 1593...
now that 1593 has turned into resistance already...the next level of support is at 1575...then 1550...this year-low so far...
*plan your trade and trade your plan... gud luck*
immediate resistance : 1593
support : 1575
critical support : 1550
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
May03: FKLI (Weekly) - Sideways-Up, Major Range 150x-170x 📈📉Major Support at 150x-3x still holds, while price struggling above weekly ema100 (~158x area)
Expect further sideways-up movement if major support holds, possible wedge pattern in formation.
Watch: Immediate R @ 169x-172x
Happy Hunting! ⭐️🚀
-JK-
FKLI TRADING : 282) gartley is invalid, trend is upwardthis is number 282...
leg X of the gartley pattern is violated, so this pattern is no longer valid...
next move we are anticipating the market to retraces back a bit before moving higher to 1634 resistance...
so let's see what is going to happen...the trend has reversed into uptrend...
even though it could juz be an end-of-the-month window-dressing...
however, trade what you see, not what you think...
*plan your trade and trade your plan... gud luck*
resistance : 1634
support : 1612-1617
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 280)after bat, thr is a gartleythis is number 280...
the bearish bat pattern is still ongoing, but now it is added with another possible short position --which is a bearish gartley pattern...
short position entry is possible at 1612, SL abv that level...1st tp at 1594, 2nd tp at 1576...
of course, that is my opinion...this is not a buy call or sell call...pls do not follow...
that's all...
*plan your trade and trade your plan... gud luck*
resistance : 1606-1612
support : 1594
lower suppor t : 1576
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 277) bat pattern side-by-sidethis is number 277.
first of all, previous bearish bat pattern is invalid bcox the leg A is violated...
now the most current one is ...still a bearish bat pattern...after the impulse leg X and A, then we have leg C formation which forms a higher-low, therefore bearish bat entry at 1606, SL abv 1612, 1st tp 1585, 2nd tp 1576...
see how this work out bcox the previous bat pattern, short entry didn't hit the level bcox it "costant"/reversed at 1612, a few points before the entry...
*plan your trade and trade your plan... gud luck*
resistance : 1606-1612
overhead resistance : 1585
support : 1550-1560 (lowest-low this year)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 276) downtrend is confirmedthis is number 276 and first of all, the huge barrier of 1550-1650 range is still not broken yet...
recent move, the highest-low 1601 is violated and broken lower, therefore confirming a downtrend...the new low is 1586...
so it is possible to form advanced pattern again...sideway market which slowly going down...
a possible formation of bearish bat pattern with entry at 1620, SL at 1630, 1st tp at 1603, 2nd tp at 1586...
see how it will pan out...
*plan your trade and trade your plan... gud luck*
resistance : 1632-1648
resistance : 1616
lower support : 1575-1588
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*