short retracement looks like has been completed, its a confident bullish with the morning gap appears. Long wick rejection at previous tf Weekly showing the supply is cleared for buyer, zone 0.525 ~ 0.540.
its called retracement. Impulse movement still uptrend. sometimes hv to measure by analyze the bigger tf for better figure, such weekly tf. Big shark normally will looks for high liquidity to fullfill the order before pushing higher. Instead of following the microeconomic fundamental, chart analysis also need to be strong, such cs behaviour.
Excuse me i dun con.ph con more thn me.dun join,dun pay how i know. PH promise; I)price reduction of good II)highway exemption III)no gst market will up,ringgit will up Iv)Petrol reduction V)Say already be pm,lrt and transportation be better.but after be pm lrt spoilt over 10 times,airport train need over 2 years to fix.
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ktrader
1,842 posts
Posted by ktrader > 2023-03-17 20:46 | Report Abuse
Agree...cash rich. I reckon its going to be similar to the recent flush out...only to immediately surged up strongly to 0.64 , highest today.