An inverted cup and handle pattern might be in play on the hourly chart; an indication that the beast should continue southwards.
Broken support at the lower trendline should complete the pattern and confirms the sell entry. Minimum profit taking target can be determined by measuring the height of the handle. Below is the hourly chart as of 11 am Malaysia.
Broken support at the lower trendline should complete the pattern and confirms the sell entry. Minimum profit taking target can be determined by measuring the height of the handle. Below is the hourly chart as of 11 am Malaysia.
UPDATE: The beast is now testing the lower support. Should the beast keep persisting, the price might dive to 136.xx soon. Below is the hourly chart as of 9.40 Malaysia.
i don't know if the inverted cup and handle will continue lower, you are quite good though, i followed your comments. I am scared that is going to break on the upside, i don't see why not... even technically.
yup... it is in the no man's land now. it could go either way. that's why i stay out now and no trade is initiated yet as i was waiting for a breakout on either side...
ni Cup A ke Cup B masta hehehe
ke situ lak komen dia muhahaha