A level of important trend formation when once formed tend to persist until evidently proven reversed. A bullish trend allows price to move higher highs and higher lows over a long period of time.
A level of important trend formation when once formed tend to persist until evidently proved reversed. A bearish trend allows price to move lower highs and lower lows over a long period of time.
No violation of Major Support. Pending breakout from its Minor Resistant.
No violation of Major Support. Pending fro breakout from Minor Resistant.
U.S DOLLAR INDEX
Major Support violated. If persisted below will bring the dollar to head lower low.
Recent rebound stalls at Major Resistant. Pending breakout from Major Resistant.
While the major indices in the KLSE market are nearing to their major resistant, will the KLSE market enters into another winter mode when it failed to breakout of its major resistant?
Stocks that are trading in their long term downtrend present short term trading opportunity for their rebound.
Stocks that are trading in their long term uptrend present short-mid-long term trading opportunity for their rallies.
Stock price does not move up or down on a straight line manner but consist of multiple rallies followed by retracement.
Applying the trend following strategies allows us to detect the past and current trend of the market/stock. What comes next is the price action movement.
Where are their Buy Price Range? Where are their Stop Loss Range? Where are their Target Price Range?
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