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What indicators that you mainly use in Technical Analysis (TA)?
Moving Average (SMA/EMA)
RSI
Stochastic
MACD
Ichimoku Kinko Hyo
Volume
Momentum
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Tuesday, 21 May 2013

FCPO - Looking for downward move

FCPO

TF60

FCPO TF60.. 20 May 2013

from 1hour chart, expecting price to move lower. A bearish divergence also spotted. My personal target to atleast 2314 (50% fibo retracement)..

Points for the downward.
1) candle daily is bearish sign.
2) gap that needed to be filled.
3) export data negative. more worse from data of 15days to 20days even news of demand from middle east due to ramadhan.
4) in my own counting wave, now should be in corrective wave c. wave b already completed at 2346 from 2332.. while wave a from 2352 to 2332. (sorry for the wrong choice of wave letter)