Requested by someone from the comments previously and since i am free today i will review for you my fellow viewer.
Chart is somewhat in a Huge ranging mode and a slight uptrend for now. By combining both Fibb trend + the reverse Gann Fan we can analyze how the trend moves. Notice that how prices respect the 4/1 of the Gan Fan line and it has been tested thrice trying to breakthough it but fail to do so, that is when we know that the 4/1 level is a critical downtrend angle (yes, its an angle), if prices are able to break that criticle angle, we may be able to see a strong rally to the next Fibb Area as shown with the blue line.
Way back in Sept 2020 i detect a hude inflow of monies and most of their chips are still trapped inside around RM 0.64 area. Most of these chips are actually bankers or market makers. The reason for the market makers to push the prices higher is because they want to earn money and it is less likely that they would just let it be before selling off all their shares, therefore there is a high chance and motive that the bankers are actually preparing a round 2. And round 2 will be the time they sell off all their shares and make a huge profit from it.
However, the area circled in purple MUST MUST MUST (Yes, 3 times) hold. If prices break below that area circled in purple, it indicates that the bankers had given up or will not push the prices higher in the short term OR they have read this post and decided to troll me haha (Which is what they are capable of, they control the prices).
Industry : Industrial Products & Services
Created by ChartStory72 | May 05, 2022
Created by ChartStory72 | Apr 18, 2022
Created by ChartStory72 | Jan 18, 2022
Created by ChartStory72 | Jan 17, 2022
Created by ChartStory72 | Jan 11, 2022
Created by ChartStory72 | Jan 10, 2022
Created by ChartStory72 | Jan 03, 2022
Created by ChartStory72 | Dec 06, 2021
terence775
Thank you!
2021-04-02 15:33