FKLI - Bullish 5-0A bullish 5-0 harmonic pattern has been identified in the H4 TF with oversold strength oscillator indication.
Reversal might happen with an early impulse technical reading to coordinate with the completion of the pattern. Price action to be focus for testing the stop level. This is to anticipate the projection of the valid pattern.
Stop: 1528
PRZ : 1544
TP1 : 1603
TP2 : 1621
FKLI1! trade ideas
SHORT FKLI TRADING :144) hitting the 1st tpthis is trade 144 frm haidojo trading...
short position at 1574-1570, SL abv 1585, probably a few points abv it...1st tp at 1560, 2nd tp at 1550...
the reason for trading...? the price was juz rejected at the resistance level , 1577-1585...
this is recap frm the previous trade 141 which I gave out last week...today, 1st tp 1560 is filled...
now we wait in anticipation that 2nd tp 1550 might be filled too..
fingers cross...
resistance : 1577-1585 (reversal to bull)
current support : 1560
lower support : 1540-1547(continue to bear)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
Aug26 - FKLI (Daily) - Bearish <154x, Potential Target 148x-150xFailing S1 will invite BEARS, my MAJOR position targets are: 148x-150x, 138x-140x
Don't forget to refer back to midterm ABC correction post below for potential minor targets.
Faster Update on T3L3gram: MyTradingSpace by JK
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
FKLI TRADING :141) PRICE REJECTED AT RESISTANCE LVLthis is trade 141 frm haidojo trading...
a possible short position at 1574-1570, SL abv 1585, probably a few points abv it...1st tp at 1560, 2nd tp at 1550...
the reason for trading...? the price was juz rejected at the resistance level, 1577-1585...
higher resistance : 1616-1623 (recent high)
resistance : 1577-1585 (reversal to bull)
current support : 1560
lower support : 1540-1547(continue to bear)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 138) downtrend...oh, downtrend...this is trade 138 frm haidojo trading...
new bracketing for the market...resistance was close, 1577-1585...temporary 1560 support still holds...but probably not for long...
a new support level arises...1540-1547...but if you intend to long here, this is a counter-trend trade...thr is a high-risk in trading counter-trend
trade...so for now, "short on rebound" still have higher chance of success...gud luck traders...
higher resistance : 1616-1623 (recent high)
resistance : 1577-1585 (reversal to bull)
current support : 1560
lower support : 1540-1547(continue to bear)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 136) still in downtrendthis is trade 136 frm haidojo trading...
frm my previous analysis, I am absolutely surprised...the speed was real but the rebound wasn't...
fkli-aug didn't reach 1585 but "kostan"/reverses at 1577...the closest high...so the strategy is still short on rebound...
higher resistance : 1616-1623 (recent high)
resistance : 1577-1585 (reversal to bull)
current support : 1560
lower support : 1540-1547(continue to bear)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 135) RETESTING THE BULL/BEAR 1585 SOONthis is trade 135 frm haidojo trading...
we are closing back to the 1585 resistance which is also the determinant of bull/bear critical point...look at the speed, fkli-aug definitely could challenge the previous high...
higher resistance : 1616-1623 (recent high)
resistance : 1585 (reversal to bull)
current support : 1560
lower support : 1540-1547(continue to bear)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 133) this is trade 133 frm haidojo trading...
the current low of 1547/or the impulse leg A has been violated...so both advanced patterns are no longer valid...
In term of price-action, 1560 has turned frm support-to-resistance...but formation of lower-low at 1540 is too close to the previous one...
from the past experience, this might indicate a possible reversal to the upside...but it is too early to say...we must look closely to the range
of 1585 and the new low 1540...any breakout of this range will tell us the direction of the market...
resistance : 1585 (reversal to bull)
immediate resistance : 1560
current support : 1540-1547(continue to bear)
lower support : 1512-1520 green box and bullish cypher pattern
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 131) TWO POSSIBLE ADVANCED PATTERNSthis is trade 131 frm haidojo trading...
the bearish bat pattern is no longer valid...2 new patterns possible formed...
1) a possible bearish gartley pattern with D leg formation range frm 1596-1605...
2) a bearish bat pattern with possible D leg formation at 1614-1625...
higher resistance : 1596- 1605 red box and bearish gartley pattern
current resistance : 1585
current support : 1547-1560
lower support : 1512-1520 green box and bullish cypher pattern
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI Hit Resistance and looks heavyFKLI is trying to rebound from EMA50 but the bounce is with relatively lower volume. Hence the bounce is weak.
Judging from ATOM, it seems selling pressures are still there.
BEARISH Divergence spotted. Price is making higher high but indicators are making higher low.
Resistance 1615
Supports 1545, 1480
1545 is a very important support. Breaking this support will expose next potential support around 1520 (EMA200) and 1480.
FBM70 / FBM100
Bearish Engulfing at resistance.
SmallCap
Bullish might end. Long bearish candle engulf previous 2 bars after hit resistance. Fast Turtle Sell will confirm potential reversal.
FBMACE
Bearish Engulfing pattern after hitting 3x Fibo Resistance.
Energy
Bearish candle void previous Fast Turtle Buy candle.
However, it's remain above Resistance Turned Support ZONE
Healthcare
Breaking below 4300 will signal fast turtle sell and confirm Bearish Engulfing candle.
Techology
Fast Turtle Sell. with Bearish Marubozu candle.
Plantation
Sideway. Fast Turtle Sell void previous fast turtle buy.
Bearish candle still above resistance turned support zone
Global Market
VIX is bearish but currently is at support.
Market will continue bullish IF VIX BREAKS the support.
US Sectors :
Technology
Bearish Harami at Fibo 1.618 and overbought with relatively higher volume.
Healthcare
Price remain above inverse HnS neckline. Still bullish but on sideway.
Energy
Still sideway hovering near support.
Finance
BULLISH. First Slow Turtle Buy with strong volume after 2 months.
ATOM and FIFT are BULLISH
Well supported by trendline making higher low.
May resist by EMA200.
Can consider accumulate Bank of America stock (Insider purhcase 100mil shares on last friday)
SUMMARY
It has been fantastic month for July and first week of August.
Healthcare, especially from 2nd tier (Smallcap and Ace market) has been very bullish with multiple limit up.
However, most of indices and stocks hit resistance and formed bearish engulfing reversal candle on friday.
All KLSE sectors are RED on last friday which may indicating BULL is taking a break.
Malaysia Market may retrace, or best case, it will go range bounce before deciding real direction.
FKLI TRADING : 129) still in the bracket 1605 - 1512this is trade 129 frm haidojo trading...
- the bearish bat pattern is somehow still valid..with range to short frm 1597-1605...SL a few points abv 1605...1st tp 1587,
2nd tp 1560
the tighter range is 1585 - 1560...and the TREND is still DOWNTREND...short on rebound is still valid...
higher resistance : 1598- 1605 red box and bearish bat pattern
current resistance : 1585
current support : 1547-1560
lower support : 1512-1520 green box and bullish cypher pattern
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 124) BEARISH GARTLEY PATTERNthis is trade 124 frm haidojo trading...CLOSE ATTENTION to the :
- a possible bearish bat pattern formation in hourly chart...with range to short frm 1597-1605...SL a few points abv 1605...1st tp 1587,
2nd tp 1560
fkli-aug closing close to the 1585 resistance level tdy...
resistance : 1585- 1605 (the red colored rectangle )
support : 1547-1560
lower support : 1512-1520
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
Aug10 - FKLI (1D) - Failing Major UTL, Potential Test S@150x-2xFailing to stay above:
1) Major UTL carrying rally from 12xx COVID-lows
2) Unable to stand above 158x-160x immediate resistance zone
These will lead to further correction. 🐻🐻
near term target: S@~150x-2x, daily ema100
Refer back prev FKLI post for multiple horizontal support zone;
also, not to forget mid-term major correction back to 140x which is still in progress 👇🏻👇🏻
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
FKLI - possible mark down after distribution phase?Hi,
It seems like FKLI had a possible Wyckoff distribution phase below the horizontal line A, which was a major resistant line from end of 2019.
Price had been in a trading range between the high at point 1 (possible buying climax) and the low at point 2 (possible Automatic reaction according to Wyckoff distribution schematic).
Point 3 could be an upthrust and we saw price dropped in strong move down to point 4. This move from point 3 to 4 could be the Sign of Weakness according to Wyckoff schematic. Then from point 4 price rallied slowly to the current price , which could form the "Last Point Of Supply", before price mark down further.
Looking at the volumes, the volume was increasing during the downmove from point 3 to 4, and the recent rally from point 4 is associated with decreasing volume.
This is just my observation based on my current understanding of Wyckoff method, and honestly I'm still very new at this. Please do not take this as a signal, and any comments/feedbacks are much welcomed.
FKLI TRADING : 121) bracketing the market with advanced patternthis is trade 121 frm haidojo trading...2 messages here tdy...
1) a possible bearish bat pattern formation in hourly chart...with range to short frm 1597-1605...SL a few points abv 1605...1st tp 1587,
2nd tp 1560
2) lower level we have long-awaited bullish cypher pattern ranging frm 1512-1520...SL a few points below the 1500...1st tp 1560,
2nd tp 1587...
with these 2 possible advanced patterns, we successfully bracketing the market within the range of 1605 - 1500...and make a simple
call-to-action plan...
resistance : 1585- 1605 (the red colored rectangle )
support : 1547-1560
lower support : 1512-1520
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW " are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 120) still short on rebound120 is the number and this is haidojo trading. downtrend is confirmed...short on rebound...fkli-aug hit the support 1560, slided a bit lower to 1547, then a rebound...the market is still bias to the downside...so short on rebound is a higher probability trade...
resistance : 1585- 1605 (the red colored rectangle)
support : 1547-1560
lower support : 1512-1520
advanced pattern bullish cypher pattern with D leg completion in the range of 1512-1520...SL could be set below 1500...
this is a counter-trend trade...so if you never tested this, stay away...
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode shall not be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 115) new structure low is formed, SHORT115 is the number and this is haidojo trading. downtrend is confirmed...short on rebound...1587 is broken, now it has become resistance level...
resistance : 1587- 1592
support : 1560
lower support : 1520 - 1512
advanced pattern bullish cypher pattern with D leg completion in the range of 1520-1512...SL could be set below 1500...
this is a counter-trend trade...so if you never tested this, stay away...
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode shall not be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
Aug03 - FKLI (1D) - Failing Major UTL, Will Invite Bears...🐻Prev post support target, S1: 154x-6x reached~ ✅
After whipsawing between 158x-161x for the most part of July, I believe we'll see further weakness on the index in August month;
with prolonged momentum weakness since June top, while price now testing the major UTL carrying rally from sub-1400. ⚠️
Watch: UTL (blue),
If UTL fail, we will see further weakness ahead. 🐻🐻
Multiple major & minor horizontal Support <156x has been marked. :)
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
FKLI TRADING : 112) 1616-1620 STRUCTURE STILL HOLDWAITING FOR overhead resistance : 1616 1-620 TO BE BROKEN....
higher resistance : 1640
critical and strong support : 1587
lower support : 1560 -1564
PS : if a breakout abv the 1620 happens, then the advanced pattern becomes invalid...
WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 110) ANTICIPATING A NEW STRUCTURE HIGH? 110 is the number and this is haidojo trading. Fkli-july has surprised everyone by showing a reversal to the upside today...it is hard to tell whether the uptrend persists or it is just another sideway movement...onli by waiting for a breakout abv the previous high at 1620 and abv should it confirm the continuation of the current uptrend...critical support to watch out is 1587 support levels which were tested multiple times in the past...
overhead resistance : 1616 1-620
higher resistance : 1640
crtitial and strong support : 1587
lower support : 1560 -1564
PS : if a breakout abv the 1620 happens, then the advanced pattern becomes invalid...
WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 108) Sliding slowly to 1560 to 1512this is trade 108) frm haidojo trading...fkli-july will end in few more days...so trade with caution and don't hold too long for swing trade...
we anticipate the price to slide down to 1560 and 1512...now the support level at 1587 is going to break anytime soon...if it happens to break down lower to 1512, then we shall see if the counter-trend trade, bullish cypher pattern is making its way back or not...? finger cross...
support : 1560
lower support : 1512
awaiting bullish cypher pattern and also breakout pattern on the way...
WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**