EGNo solid structure yet, could be a repetition of Wyckoff cycle for rebound, could also be a distribution process, volume is the key here. Shall monitor volume at key levels .
EG trade ideas
EG buy at 0.58 sell on 0.665sideway
Support 0.51
Residence 0.665
FiFt + , atom + fast turtle
buy
4/9 EP 0.58 ( 30% )
if break 0.63 ( 40% )
if drop to 0.52 ( 30% )
SL 0.50
TP 0.665, 0.071
BEARISH ABCD & SUPPORT LINE UPTREND 1HRKelihatan EG mempunyai potensi untuk bergerak menuju ke extension fibo 1.41. Harga berada berdekatan dengan paras support line. Berkemungkinan akan menunjukkan sign positif untuk beberapa hari.
Line hijau merupakan fibo retracement yang boleh consider untuk TP kat sana..
Tayor....
Training 4/8/2020 - EGAny input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
EG Chart InterpretationEG Chart Interpretation and Physiology of Buyer Movement.
Best Trade Skills: Hot Money Trade most Safety or monitor (Best Entry) BE01 and BE02.
Risk And Reward : Accepted.
EASY123 Prediction @MYX EGLife is simple...Trade with Simplicity!
*Trend direction: UPTREND - (Higher-High & Higher Low was observed)
*The price was pullback and supported twice at our lifeline (Redlin), on 23 & 29-Jun.
*Turning points (Purple-candle) have appeared on 24-Jun & 2-Jul an indication of the price reversal to upward direction.
Prediction: Sideways and prepare to move upward.
Once it breaks the immediate resistance R0.395 it will take-off to the next level.
*Otherwise, it will hover sideways of the range between 0.385-0.315 within a BOX pattern.
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
Target Price: R1=0.44-0.48, R2=0.52-0.55
Support/Cut Loss: S1=0.335
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Indication of an Uptrend
*BT-Yellow-Diamond = Indication of Bottom signal.
*Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal.
*White-Diamond = Indication of a strong upward momentum accelerator.
*Purple-Candle = Indication of a strong turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:-
*Red-Background = Indication of a Downtrend.
*Red-Dot = Indication of Hot-buyer, potentially a Top signal.
*Blue-Candle = Indication of Price selling off area.
EG AKAN MEMBUAT V-SHAPE UNTUK ELLIOTT 3-4-5EG dijangka sedang berada di fasa 4 Elliott dan volume semakin kering.
Dijangka akan spike pecut untuk melengkapkan wave 5.
EG (bursa Malaysia) TA using Gann fan and Gann boximportant date for reaction are:
28/8 - 0.618
1/10 - end of gan gox.
TP1 - 0.62
TP2 - 0.655
TP3 - 0.7
TP4: 0.755
current support re
EG Industries (bursa malaysia) - what Gann has to say?- the up-trending has begun.
- price nicely follow Gann box, reacted a short sideway, and now price is catching up with the 1/1 line.
- QR for this Co is just around the corner. trade with caution pls.
thanks
