Gold. Alt. Short term view. 20/Sept/22Gold possible forming a running flat in wave b ( cyan) as “disguised” triangle..just to make “false” breakout to upside..
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PBBank VCP aka cup & handle pattern. 20/Sept/22PBBank. Look like we have A VCP chart pattern. A chart pattern “refined” by famous Mark Minervini ( US 1997, 2021 investing championship winner) which got inspired by William J. O’Neil defined “Cup and handle” pattern..p/s or anything “chart pattern” you have “discovered/defined “? Making it “famous”?...Also the “cup & handle / VCP” pattern “closed” to 1 of variation of “triangle pattern” which is “ascending triangle “...with breakout. With rate hike all over the world. Banking sector might be “benefit” most. Price of PBBank could reach RM6.80 which is about 47.47% gain from current price level.
Gold. Probably “triangle” calm before a “storm!”. 20/Sept/22Gold price seem like telling us “the bear” hold its belt very tight below 1680..Before he/she “ smashing “ the “cow’s Head” with its belt again?! Harder this time..
Gold. How to trade major breakout(1680) w/ stop lost. 18/Sept/22Gold. We had a solid big bar/candle on daily chart closed below 1680. So possible a “legitimate” major “breakout”. Price probably will have a “magnetic” pullback toward previous orderblocks/supply zone on smaller candle where those hot money “gather” before a following “heavy distributed explosive move” with big candle/bar. This would be “ the base” where the “gunfire” will be ignited with more “explosive power” = ( from 1700 to 1600 a whopping $100 ( 1000 pips) drop!) . probably right after FED “big date” on 20-21/ Sept /22 AND..Last but not least where is our “last defense / stop lost” for “this war”...
Gold. Breaking 1680 w/ 52 wks low! 1400 is next! 16/ Sept/22.Gold. By breaking 1680 critical support. I have to review the big outlook of gold chart ( And gold has inverted medium Cycle which I’ve missed it )..its previous cup and handle pattern might “shift to” a big triangle pattern ( ranging /base) in wave in (IV)(yellow)...Apparently FED “prefer” $ cash is king = US dollar/ 10 years bond “ not stocks even “smashing” gold! Which used to hedge inflation. Gold price probably drop another 15% or -150% if you are trading x 10 sport gold by leveraging! reaching around 1400 by end of 2022 or early 2023..So..sell on gold on any pullback toward the red upper line of declining parallel channel inside wave B ( Red Circled) is the best choice ( will update detail in next chart) P/s.1430-1400 would be the confluence zone of 1) Major up trend line zone ( cyan color) 2) wave C (Red Circled) @ 1430 is Fibonacci extension 1.618 of wave A ( Red Circled) 3) 1400 are the next major monthly Orderblocks/ demand Zone..
Topglove. Catching falling knife ( downtrend) w/ glove. 15/09/22Topglove. Are you interested to know how to catch a “falling knife” with gloves? Or Topglove more specifically?..Let do some “microsurgery” first with “Topglove” “zooming” into this “ Zone C yellow” to see where it’s centre of cancer location and before cutting its “cancer tumors” with while you might be “hurt” “many times” by catching “falling knife / downtrend “ in surgery room.
Gold. Double bottom! 15/ Sept/22Gold. With cycle analysis (Sorry. not shown on chart as it’s too messy only I understand it )Probably double bottom as price “all in” prior to FOMC rate hike on 21/Sept/22. Whether is 1.00 or a “rocketing fuel” of 0.75!..
Topglove. Where is its orderblock & CHoCH lvl? 9/Sept/22Topglove “Conservative” traders may wait price to break RM1.140 which is CHoCH level ( subwave wave B (yellow) of last impulsive wave 5 ( Cyan Circled) to “ confirm the “long term” downtrend is “game over “ and waiting to buy at “pullback “ after the “ break out.”
Gold. Its OB, And more importantly where its CHoCH? 9/Sept/22Gold. As a “contribution” to tradingview ( many thanks to tradingview for providing such a good free charting platform) community ( Today I’m going to share my own interpretation of OB ( order blocks), and most importantly where is the “exact “ location/pivot/level of CHoCH ( change of character)?. A concept with BOS ( break of structure) which has been used by advanced naked/ Price action trading traders without any indicators. . It will cut “novice traders” learning curve from 3-5 years even 10 years where they are searching for “holy grail “ trading system/indicators..The biggest question for this concept of trading will be “where” is the exact location of CHoCH? ( change of character = change of “previous underlying trend” )..The “ANSWER” is! = at subwave b of any last leg of impulsive wave which is wave 5. < p/s unlike conventional Elliottwave rule there is ONLY abc subwaves “inside” any impulsive wave..> Last but least many thanks to @makuchaku and @Efe for coding the such a great “super OrderBlock..” script/ indicator which help us/traders to “visualize “ where is OB, FVG Although we still need to find where is “CHoCH” “manually”..
Gold. Short again @1770. Elliott wave updated 23/August/22Gold might just completed wave a ( green circled ) as chart. Wave b ( green circled ) probably “stalled “ @ around 1770 which are “confluence zone” of 1) Volume Profile P.O.C ( red horizontal line ) plus.. 2) Upper line of declining channel ( Red)..
SP500. Enjoy your “last ride” deeper ride!. 23/August/22.Hello. Ladies & gentlemen tight your “ seat belts “ enjoyed your last leg of “deeper” roller coasters ride!..
Tenaga elliotwave updated 17/ August /22Tenaga most likely will resuming its downtrend toward around RM7.50 as price have completed a strong pullback toward monthly supply / base bar.
Malaysia Health Care Index. Elliottwave updated 17/ August/22Malaysia Health Care index which comprised mostly from Gloves / Pharmaceutical stocks may “found” its “bottom” as price near its major weekly demand Zone.
Pharma. Elliott waves updated 17/ August /22Pharma. As Malaysia Health Care Index which comprised mostly Pharmaceutical and Gloves stocks most likely found its “bottom”. While Malaysia Health Care Index found its bottom but not its KLCI index any reasons why?...
Supermx. Where is its demand / base / stop? 16/ August/22Supermax previous major demand / base / stop was created on 1 April 20 monthly bar as shown on chart.
Kossan. Where is its demand / base / stop? 16 / August/ 22Kossan previous major demand / base / stop was created on 29/ Dec / 2014 weekly bar as shown on chart.
Harta. Where is its demand / base/stop? 16/ August/22Harta’s previous major demand / base / stop was created on 3 August 2015 monthly bar as shown on chart.
Gold. Short @ around 1798. 12/August/22.Gold may just completed its wave 1 ( yellow) at 1807.75. Price start moving down toward 1720 +-( where there was previous POC of Volume Profile ) for wave 2 ( yellow).
Gold. Statistically 40-60% chart pattern failed. 11/August/22Gold. It seem like we have a “breakout” on bearish “wedge” pattern on Gold Chart as shown. But.will it “failed” this t8me?..Or wait till 1825-1820 ... P/s Gold’s movement is governed by planets Jupiter/Mars/Sun..
Crude Oil. Its dynamic/ Astro cycle. 11/ August/22 “Crude” Oil. The “mother/father” of “all” inflations probably on its last “leg up” soon @ around 87.98 toward around 118..So..So..All stocks/equities market will probably “end” its crashes ONLY around last quarter of 2022. P/S Crude Oil movement is “governed” by planet Saturn and Neptune. The Purple 7, 8 ( dynamic cycle ) are based on “cycle” counts with “statistics “...
Gold. Short term “conventional “ ew v.s “real” wave. 5/August/22Gold. Although “conventional “ elliottwave might view there might be 1 more leg up for gold to reach around 1800 just to complete impulsive wave 1 ( yellow). ..
Gold.medium term Conventional” E.W v.s “real” waves. 5/August/22Gold medium term “conventional “ Eliott wave counts V.s. “real” waves counts..E.g..: Based on the “speed / Z-factor” Plus + Price “contained “ within the Red parallel Channel = ( is corrective waves) :- “Real” wave counts = (W)(X)(Y)(cyan/light blue)
Bitcoin probably drop to around 13598 by end 2022. 2/August/22 Bitcoin probably going much lower than 18000 as previous idea due to its expanding flat pattern (A)(B)(C) ( cyan / light blue ) haven’t completed yet.
