FCPO 8 Feb 2023 : Upside / Sideway

8 ก.พ. 2023

Yesterday's price made an upward movement followed by a sideway which looks like a distribution pattern after breaking the channel.

Today if the price sustains above the 3988 area, there is a chance of upward movement.

5min view later will update

8 ก.พ. 2023

บันทึก

5min shows price not sustain above the level
EMA12 still above EMA50 indicates an uptrend movement, however, if the price crosses EMA12 and EMA50, there is a chance of a sideway and downward trend.

8 ก.พ. 2023

บันทึก

Price cross EMA12 & EMA50 indicate sideway/downtrend.
Price back into the trading range.
Possible downtrend movement if break below

8 ก.พ. 2023

บันทึก

8 ก.พ. 2023

บันทึก

Price trade in Sideway direction.
Base on fibo, expect price to trade from 236 to 786

8 ก.พ. 2023

บันทึก

EMA12 crosses below EMA50 = downtrend.
Confirmation when price close lower than previous support and sustain

8 ก.พ. 2023

บันทึก

Price break immediate resistance.
Price reject EMA10+EMA50
EMA12 crosses up EMA50
Target 25tick upside to 786 fibo level

8 ก.พ. 2023

บันทึก

As expected.. sideway trade.
But now price form uptrend channel..
wait price to test lower channel to entry buy again

8 ก.พ. 2023

บันทึก

Price test previous resistance.
Uptrend channel tested
Evening star candle pattern = bearish. But not confirm until break lower 3976