Wednesday, January 16, 2008

Weekly momentum & Descending Triangle




















Out station for two days.. tak sempat nak update.. On monday, at start of weekly bar.. momentum suggest retracement.. Rules: Jika price make new weekly low.. bearish akan continue.. jika tidak.. price akan buat retracement untuk test 218.xx











Ini chart untuk hari nie.. nampaknya price breaks 211.80.. and bearish continue. This chart menunjukkan Descending Triangle pattern di 4Hr TF.. Jika merujuk kepada chart.. 213.50 is very important support level sebelum price breakdown..
After breakout.. price fail to closed above breakout level..

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