Price of FCPO rose tremendously in the month of July 2020, the price swung from 2562 MYR & broke 2800 MYR with slightly extended to 2808 before retracing back into the upward channel (Green Parallel Line).
On the 12th August, a bullish harmonic Bat pattern formed in hourly TF & swung upward towards the projected TP without testing the stops level. From the last swing, the price might have a potential to form another bullish harmonic Bat pattern in M30 TF where the level of the potential reversal zone (PRZ) confluence with the hourly TF harmonic pattern. In shorts, there's an opportunity of 2nd retest of the hourly harmonic pattern & a new possibility for a harmonic pattern to develop in M30 TF.
Risk taker could open short position trading from the C to projected D leg before the harmonic pattern complete in M30 TF. To complete a valid harmonic bat pattern, the stop level shall be tested.
Stops : 2584 MYR
PRZ : 2597 - 2626 MYR (violet box)
TP1 : 2684 MYR (Projected)
TP2 : 2720 MYR (Projected)
On the 12th August, a bullish harmonic Bat pattern formed in hourly TF & swung upward towards the projected TP without testing the stops level. From the last swing, the price might have a potential to form another bullish harmonic Bat pattern in M30 TF where the level of the potential reversal zone (PRZ) confluence with the hourly TF harmonic pattern. In shorts, there's an opportunity of 2nd retest of the hourly harmonic pattern & a new possibility for a harmonic pattern to develop in M30 TF.
Risk taker could open short position trading from the C to projected D leg before the harmonic pattern complete in M30 TF. To complete a valid harmonic bat pattern, the stop level shall be tested.
Stops : 2584 MYR
PRZ : 2597 - 2626 MYR (violet box)
TP1 : 2684 MYR (Projected)
TP2 : 2720 MYR (Projected)
注释
M30 TF Pattern - VoidH1 TF Pattern Type 2 - Hit
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。