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SGX 60mins chart. On hourly chart, SGX has broken below the triangle and currently forming a broadening wedge.
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Showing posts with label wedge. Show all posts
Showing posts with label wedge. Show all posts
Wednesday, July 8, 2009
SGX 08/07/2009
SGX Daily chart. It has formed a descending traingle. Breakdown below will see further sell off.
SGX 60mins chart. On hourly chart, SGX has broken below the triangle and currently forming a broadening wedge.
SGX 60mins chart. On hourly chart, SGX has broken below the triangle and currently forming a broadening wedge.
Monday, March 16, 2009
USD/JPY 16/03/2009
We have a rising wedge formation unfolding on UJ on hourly. Prices might bounce of the trendline below and test the trendline above. I will stop the longs if the price breaches the 200MA.
Wednesday, February 25, 2009
SPC 25/02/2009
SPC is currently consolidating. It has formed a triangle on a daily chart. If it breaks the triangle upwards, we may see more upside towards the uptrend line. This will be invalidated if it breaks the triangle downwards.
My personal view only. Trade with caution.
My personal view only. Trade with caution.
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