Sunday, August 3, 2008

Minda Aku 3 July 2008





















Impulse Wave Untuk Monthly Chart: Down; Trend Bear.. Retracement Mode.. Price closed above fibbo 38.2; Price failed to kiss Fibbo 50%... Menunjukkan possibility of retracement belum lagi complete; price may down and kiss Fibbo 38.2% and bounce back to kiss Fibbo 50%..

My Suggestion: Follow the small time frames...

Impulse wave untuk Weekly Chart: Up; Trend Bull.. Latest weekly candle suggest INSIDE BAR.. Simply means undecision... May go down or up...

















4Hr trend: Bear.. Price breaks symmetrical triangle; with possible moves 300 pips...

Please note: In 4Hr chart - I watch the possibility of "descending triangle patterns" akan berlaku.. upper trendline akan jadi resistance point.... Jika price bounce from horizontal line; simply mean 4Hr still looking for direction... and my 300 pips TP is not valid















1Hr trend Bear: Price breaks symmetrical triangle; with possible TP at circle area..

Note: I only trade in direction of 4Hr trend... so at the moment my bias is bear; if i see price bounce from current level - price membentuk descending patterns (trend belum lagi ditentukan).. or new trend change to BULL

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