I am currently watching whether the beast could further goes down and breaks the previous low at 138.20 region. Should this week's candle closes below 138.20, a variance of falling three methods formation will be formed on the weekly chart.
As this falling three methods formation is classified as a HIGH reliable continuation pattern, the possible outlook is quite scary as I do not see any significant support on the weekly chart except in the 120.xx region.
Right now, I am sitting tight and will only adding more sell position once the price closes below 138.20. Below is the current weekly chart around 4.30 pm Malaysia.
As this falling three methods formation is classified as a HIGH reliable continuation pattern, the possible outlook is quite scary as I do not see any significant support on the weekly chart except in the 120.xx region.
Right now, I am sitting tight and will only adding more sell position once the price closes below 138.20. Below is the current weekly chart around 4.30 pm Malaysia.
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