Xyz3dtrading
Topglove's cycle analysis. 7/August/24TOPGLOV may just completed wave (II)(Red) as its price near multi Confluence zone of :- 1) POC of Volume Profile (Red Horizontal) 2) Lower Support of Parallel Channel (blue). P/s what make health care stock sector grow? e.g Glove as most stocks crash!? "Sector Rotation"?! Anyway Hartalega just announced its "better" than its previous Quarterly report.
SPX. When can we catch the "falling knife?! 6/August/24SP500 index could be starting "deep retracement'" by end of Sept at least. What do we think the low cycle number 10 for the SPX's price would be by end of Sept by example? P/S There are few reasons for THE FED to cut cate. Not just due to high inflation, 1 possibility reason most likely would be "to rescue" the market! What make FED "Need to" "rescue market"?! Even before Sept?! Unless "stock crash"!
Topglove. 5,4,3,2,1..↑↑↑↑. 30/July/24Topglov probably completing its bullish triangle any time soon. with a target of RM2.00 +/-. What trigger its price fundamentally?! as like what make chart pattern (triangle) work?! same as most of us never asked why all planet are round shape / sphere in our own eye..
Gold downtrend temporally stalled at 2403 +/-?. 19/July/24XAUUSD's sub wave 1 (Red) of wave (A)(Green) probably stalled on 2403 +/- at multi Confluence zone of :- 1) Blue Up Trend Line 2) Nearest Peak Volume Profile 3) Daily Order Block. AND 4H Ichimoku Cloud Support , Weekly Pivot ( both not shown on chart ). P/s as this is the beginning of a "downtrend" it's better to short than long..
Gold. Prepare for 100 bucks drop? 24/July/24XAUUSD probably completed its sub wave (A)(Green) of wave C ( Yellow Circled ) triangle. Probably resuming downtrend at 2422 +/- which it is the confluence zone of :- 1) Downtrend line (red) 2) Weekly Pivot (2426.147) 3)Upper Trendline of wedge pattern (yellow) 4) 4 Hours order block.