11th June
Noon Break
TF60
For this Noon updates, i use TF60 rather than TF15 to see more clear movement.
As i mentioned in yesterday's post, the middle regression channel is my reference TP and today it reached to the 1st destination. Lets see from this point whether it can rebound or not.
Since previous big correction is taking long time, i think current correction would not be that long. However, we shall see whether price will break the blue MA. If break it, likely to go more lower with 32.8% as next target..
As Wm%R is reaching oversold area, Momentum AO in red, and DI- is above DI+, i will stay away from Long position unless buy on dip.
In the morning session, i got caught in Long position. I cut-loss my short position (held from yesterday) and turn for Long, before it reversed at 2464 and went downtrend instead. A loss day for me at the moment.