Posted by babyuser111 > 2 hours ago | Report Abuse

great update and info. Best things to is nothing while we wait proper pattern to form. But to me seems like will continue falling for tmr

Posted by DividendGuy67 > 1 hour ago | Report Abuse

9.46PM Update. Just finished work, dinner, home chores. Saw the closing Price 66 sen and intraday low 64.5 sen. So, now we have:
1. New Resistance #2 = 69 sen, as today's price did not close above 69 sen.
2. New key low of 64.5 sen to watch out for tomorrow.

Downtrend is still intact. Knife is still falling as of today's close. Do Nothing. Wait until tomorrow's candle is printed. After work, reassess.

There are a few possibilities:
1. Price breaks below 64.5 sen and closed below 64.5 sen = Falling knife still intact. Do nothing.
2. Price breaks below 64.5 sen and closed above 64.5 sen = Indecisive. Do nothing.
3. Price does not break below 64.5 sen, but does not break/close above 69 sen = Consolidating. Do nothing.
4. Price does not break below 64.5 sen, but breaks above 69 sen and closed above 69 sen = Rebound attempt. Do nothing.

Especially if you already have a position much earlier at say 95 sen and is already having a full size like 5% capital, do nothing in all 4 scenarios above.

Wait until a high probability pattern appears, and then, make your next trade.

Be precise.