I have drawn two downtrend trendlines, which are early and latest downtrend trendlines. These two trendlines have been broken. So, I see that the potential downtrend is over. Now, I look for the beginning of an uptrend. I have identified an uptrend structure where there are points LOW (L), HIGH (H), and HIGHER LOW (HL). However, the price still does not make a new higher high point. We need to wait for the price to pass the H level, and make HH, as if the uptrend signal has started.
Note
Fundamentally Malaysia politic going well in election general and state election done. Time to build up economy progressively.Note
look like price still struggling to make HHNote
HH Done...Note
still on trackTrade closed: target reached
successful target profit achieve
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.