Bursa Malaysia Health Care IndexViés de alta
HEALTH SECTOR - Combination of Fibs Retracement and Extension
Leading indicators and shall be used with other indicators to qualify or disqualify trades.
Why I'm using these two fibs in this analysis..?
1) FIbs Retracement - where to enter the market at discounted price.
2) Fibs Extension - where to exit the market at the highest probability prior to reversal.
What we can see from this chart?
- price actions in sideways
- sweet spot to entry between 2401 - 3187 pts.
- most likely price will bounce and hopefully continue in the uptrend direction.
- if it manage to break 4458 pts, it is time to project good take profit levels.
As always, be sure to back-test any new trading techniques before adding them to your live trading system
All the best!
Regards - Sifuut siduuut
Why I'm using these two fibs in this analysis..?
1) FIbs Retracement - where to enter the market at discounted price.
2) Fibs Extension - where to exit the market at the highest probability prior to reversal.
What we can see from this chart?
- price actions in sideways
- sweet spot to entry between 2401 - 3187 pts.
- most likely price will bounce and hopefully continue in the uptrend direction.
- if it manage to break 4458 pts, it is time to project good take profit levels.
As always, be sure to back-test any new trading techniques before adding them to your live trading system
All the best!
Regards - Sifuut siduuut
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.