Pennant or symmetrical triangle? Bullish Engulfing? Compression/consolidation/deep breath before next explosion? But still lack of catalyst/theme
Still hoovering around to break strong resistant.... stay aside until sure of major direction
Ascending Wedge - Done Divergence - Done Target - 40K?
Cup and Handle - Done Bullish Triangle/Pennant - Done Ascending Wedge/Regular Bearish Divergence - Done Ascending Wedge - Maybe yes, maybe not?
With just another 2 months of expiry/maturity date, will look how speculative it will become in the next couple weeks.... possibility of classical cup? Explosion up or just continue sliding down?
Using the same R/S since first analysis on Dec 2020. Still valid on 2nd analysis dated 7 March 2021. This is the 3rd update (8 April 2021). Point of view ; - Major trend = down trend - Reversal = no strong reversal pattern or any kind of reversal point (even harmonic butterfly far yet to complete) - Trendline = still valid - M-Top = still valid and yet to reach...
Potential Reversal? But still in high risk area with limited reason to create high potential of interest area for buyers to jump in.... Wait for Shark is safer though?
Triangle is working good... Compression in the making.... Explosion on the way? Trading Plan ? = waiting for the Shark, follow the Shark...
Flag or 'Box Resting'? With engulfing closing candle by end of the day (if any)... worth to give extra attention to this?
Valid Inverted HnS? just waiting for confirmation especially on the Neck Line
Blue 1-2-3 or Flag Continuation Black is Basic Cup and Handle Goes to the same area of target
Worth to wait on the POB (Point of Break-out) for Long Term Planning
Company with good FA... W-type validated with FRAB already on the move Waiting to break confluence area of DTL and MA200 Plan your trade, trade your plan
Break DTL Keep making higher L Flushed down Punters in progress Crude effect? Penny theme effect? Syndicate effect? Just for study and analysis....
Classic Cup and Handle ? Waiting for break... Safer for retracement entry... THIS IS NON SYARIAH COUNTER... ONLY FOR LEARNING PURPOSE