The beast is currently wandering aimlessly as the price is coiling within the two converging trendlines and developing a symmetrical triangle, indicating that neither the bulls nor the bears are in control.
The next major direction could only be determined after a valid breakout. As long as the price stays within the symmetrical triangle, it is advisable to stay out from market.
Below is the hourly chart as of 2 pm Malaysia.
The next major direction could only be determined after a valid breakout. As long as the price stays within the symmetrical triangle, it is advisable to stay out from market.
Below is the hourly chart as of 2 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.