FKLI TRADING : 308) same fate, different pattern
this is number 309...
Today is 19th Nov 2021, and fkli-nov is still in sideway. Sideway market is neither a bull nor a bear, but is more like a "buffalo", it is heavy and not moving. This is the typical movement in sideway market. Static. Fkli-nov shares almost the same fate as fcpo-feb, which both are in consolidation phase.
As the saying goes, "consolidation breeds advanced patterns". SO, here we are now, with a possible bearish bat pattern. The advanced pattern formed is however, different frm the fcpo. The kill-zone is formed in the range from 1535-1540, SL could be made 5-10pts abv it. 1st tp is at 1524 and 2nd tp 1512.5...Price has to breaks abv 1540-1560 resistance before showing any potential of reversal. That's all for tdy.
higher resistance : 1540-1560
immediate resistance : 1524
immediate support : 1512
critical support : 1480-1500 (decide full bear/sideway)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities 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*
Today is 19th Nov 2021, and fkli-nov is still in sideway. Sideway market is neither a bull nor a bear, but is more like a "buffalo", it is heavy and not moving. This is the typical movement in sideway market. Static. Fkli-nov shares almost the same fate as fcpo-feb, which both are in consolidation phase.
As the saying goes, "consolidation breeds advanced patterns". SO, here we are now, with a possible bearish bat pattern. The advanced pattern formed is however, different frm the fcpo. The kill-zone is formed in the range from 1535-1540, SL could be made 5-10pts abv it. 1st tp is at 1524 and 2nd tp 1512.5...Price has to breaks abv 1540-1560 resistance before showing any potential of reversal. That's all for tdy.
higher resistance : 1540-1560
immediate resistance : 1524
immediate support : 1512
critical support : 1480-1500 (decide full bear/sideway)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities 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*
