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| Sunday, 24 January 2010 02:15 |
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Trading Entry and Exit Analysis
HANGSENG
Hangseng multiday low should be near completion since it was approaching major wave C corrective target. However the time cycle has not arrive yet. Hangseng must wait for its intraday price movement to accomplish the downside target. Intraday movement has subdivided into a 5,3,5 zig zag correction and we concern to the second fifth wave. Friday intraday high is more than likely a wave 4 high. Then it should complete the downside final target.
(Click the picture to open the original size)
(Click the picture to open the original size) System ![]() ASTRONACCI © Trading System by Stocksforliving Indonesia,Ltd Momentum Daily oscillator oversold with bearish reversal on intraday , it means the trend will be sideway to down for the next trading hours. Pattern Intraday pattern must be completed to forms wave 5. Price Wave 5 target will be ardoun 19.700-19.900. Time The end of wave 5 is approximately at session 2 of Hangseng market. Trading Advises Traders can consider to have long trade at 19.700 – 19.900 only if stochastic 5,3,3 shows a bullish reversal. Use a buy stop target and set stop loss 5 pips below the latest bar low. Take profit can be set around 20.800 – 21.000.
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| Last Updated on Monday, 25 January 2010 03:45 |