chart h1 - 11 am Malaysia
rising wedge pattern???
usually a bearish trend continuation indication...
so be patient, bears....
we gonna have fun soon
UPDATE: 5.30 pm - price made 1st attempt to break the lower trendline...
managed to bank in 250 pips based on prior price action at 5 min chart
let's see whether bears will continue to dominate the market...
B-)
at 10.45 pm, price hit 159.29 (400 pips drop)
i found macdcoloredv102decimal indicator , but i don't know the meaning of a number at the end of macd graph (sometime have negative number)
the number at the end of the graph indicates the required number of pips for the bar to change colour. i do not really pay attention to the numbers...
i use it just to gauge whether the market is in oversold or in overbought situation.