FKLI - Retest of the Demand Zone
FKLI bounced from 1477 to 1538 which gave a swing ride of 60 points. Initially the 1st projected target profit of the 4 hr TF Bullish Bat has been hit and retrace back south with closing of 1510 on 18/09/2020.
I've been overlook in the lower TF where a bearish harmonic shark pattern formed after the 4 hr bullish bat's target 1 hit and reaction of it which formed another bullish harmonic 5-0 pattern.
The retracement of the price eventually provides opportunity for 2 potential trade entries of 1 hr TF Bullish 5-0 pattern & a retest of 4 hr TF Bullish Bat.
Potential to long when the price crawling back into the blue box if price happened tested the 1495 stop level for the 1hr TF Bullsih 5-0 with a projected TP1 (1534) & TP 2 (1542).
I shall look forward to price action reacts to the projection above when markets open.
Happy Weekend~!!
I've been overlook in the lower TF where a bearish harmonic shark pattern formed after the 4 hr bullish bat's target 1 hit and reaction of it which formed another bullish harmonic 5-0 pattern.
The retracement of the price eventually provides opportunity for 2 potential trade entries of 1 hr TF Bullish 5-0 pattern & a retest of 4 hr TF Bullish Bat.
Potential to long when the price crawling back into the blue box if price happened tested the 1495 stop level for the 1hr TF Bullsih 5-0 with a projected TP1 (1534) & TP 2 (1542).
I shall look forward to price action reacts to the projection above when markets open.
Happy Weekend~!!
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