Merujuk kepada trend reversal trade sebelum ini.Saya gunakan GJ untuk contoh walaupun tidak begitu cantik sebagai contoh.
TF daily.,
(Saya menggunakan daily tf bagi mendapatkan count candle 100-150 agar wave yang saya gunakan hampir lengkap 1 cycle dari 192.54--215.84--201.79)
Extreme-boll band deviated at 202.52, and close upper half of the candle(H 207.32/L 202.52/C 204.85)
Price pattern-2B/double bottom(202.52 vs 201.79) with 123 set up(candle 2nd(201.79)-marginally break previous low but close above previous low.The best way is to confirm with bullish candle.Falling wedge from 215.84--201.79 and break upper.(this is to confirm-maybe next week) (not shown on chart)
Strong support around 202.50 looking back 14/5/08-21/5/08.
RSI divergence at 202.52-201.79(not very good/strong divergence)
Time series 0-97-124 aproximate(fibo no) at beggining 192.54, high 215.84 low 201.79.
Fibo retracement 61.8% at 201.44(even lowest achieved 201.79),allow nonperfection.
At least go for abc correction from downwave 215.84--201.79 with sl at 201.79 trailin up later.
Sebelumnya saya saya menunggu untuk set up yang lebih cantik namun saya cukup puas hati dengan 201.79 sebagai low.Selagi belum confirmative more downward target is possible.,
The best way , wait till market tell you are right.
This is probability, market move without one man know the definitive move.
Untuk long secara selamatnya mungkin perlu tunggu market close result for 3 days.Game is yours.
Happy weekend.
DAT7447