I must have been very bored to do all these hahahaha ...
Anyway, the pullback finally happened. But there are a little more downside still coming according to those indicators below.
More importantly, we will wait for signs of reversal. Tomorrow Mr Market might be indecisive as our Straits Time Index was down 1.62% today. Probably we could decide to enter or scrap the trade based on signal (candlestick) on the following day.
Today's market having "diarrhea" again hmmm ... wonder when this will end!
Anyway, trying the 2 trendy trade setup which I hope to find out if it will work for stock as well. At this juncture, not playing any real money yet.
So the price line breakout the blue trend line, it should end up at green target line . However, noticing RSI & Stochastic are showing hook down, there may be a retracement which gives an opportunity to enter the trade (about 6.8) before it start moving up to target again @ 7.8. Stop loss at 6.3 support.
Will this works? will see ...... ;P
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