rectangle pattern???

The beast is now in consolidation phase and forming a rectangle pattern which is usually considered as a trend continuation pattern. Most likely the price will breaks out of range in the direction of previous trend.

Below is the hourly chart as 11.45 am Malaysia. Should the beast breaks downward out of the rectangle, it would constitutes a confirmation that the beast will continue it's journey southwards.

Meanwhile, protective stop should be placed at 141.50;  in case the pattern is invalid.


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