Bulls be careful

30 ก.ย. 2023

Friday's price action
a) brought the price precariously close to the descending triangle breakdown
b) Trendline recapture miserably failed and confirmed the breakdown

Both (and 2 other EW based factors) points towards price reaching green zone after break of blue zone.

The momentum oscillator is also no-where near the oversold zone and indicating some more downside possibility.

Lets see how this develops further.

Happy Trading !

3 ต.ค. 2023

บันทึก

Breakdown confirmed with a 4% + move

Cheers!

13 ต.ค. 2023

บันทึก

Rejection from the breakdown level.

Has the next leg down started, we will see as the days progress.