potential downwards move???

A variance of gravestone doji candlestick has appeared on the H4 chart, which might signify that the rally could not be sustained for the time being. Another bearish candlestick is needed for confirmation that the price will go down and re-test the significant round number level at 135.0.

A penetration below 135.0 could be a strong indication that the bears are still determined to gain control of the market. Let's see how the market play it out...

Below is the h4 chart of 9 am Malaysia.


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.