A bearish engulfing candle on the h4 chart indicates that the bears are starting to gain control on the market. I was reluctant to go in early as the price action was choppy all day long, and a confirmation is still needed to ensure that the bears are in total control.
Now the price has pierced below the support at 156.50, which was the crucial level that I monitored. Let's pray the beast keep drifting downwards.
Below is the H4 chart as of 8.30 pm Malaysia.
Now the price has pierced below the support at 156.50, which was the crucial level that I monitored. Let's pray the beast keep drifting downwards.
Below is the H4 chart as of 8.30 pm Malaysia.
0 comments:
Post a Comment
You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.