Descending Triangle In UpTrend

Above: Chart Update (6.00 AM - Malaysia).. Triangle Getting Small.. We will see the direction soon










Above:
Chart Update (8.20 PM - Malaysia).. Price still within the Descending Triangle..

4Hr Descending Triangle.
Bear Masih Incharge - Better wait for further confirmation.

Story Disebalik Descending Triangle:-

Round One: The Bull are providing a good support; then bears are unable to break through that support.

Round Two: The Bear come up with a strategy - we let the bulls have their support but we must push the close LOWER.

Round Three: The Bull protect the support; bears proceed with their strategy...

Round Four: Bears push the Close Lower

Round Five: The Bears try to break the support again - bull still protect the support. So the price goes up again

Wait for round SIX & SEVEN

Round SIX: Bears Push the Close Lower.. Push near Bull support.. Lower than round four.

Then Round SEVEN: The undefeated BULLS having seen the close so low and near the support - they loose their morale completely - its just a matter of time for bears to come and conquer them..

Descending triangle formed.. and ..