MEGB is getting excited !!! ... anytime it will breakoff !!! the question is up or down ?

I was in this trade about 1 weeks plus and typical I am holding a stock less than a month for short term trade and mid to long term will be 6 month and less than 2 years... given the world situation now and base on inter-market analysis I did on gold, bond, high/low yield currency, commodity and lastly stock... long term hold is not a good choice.
back to MEGB... pls look at the big picture, refer to the post I make, MEGB downtrend is ended
 http://klseelwavetrading.blogspot.com/2014/08/megb-is-time-to-take-off.html
 The question is when it will another spike up ? I did second level analysis, refer to the chart below, New CEO appointed and stimulated market move(wave 3) and make another confirmation to validate the recent ABC down is correction wave.
 Daily Chart

1 Hour chart.

let zoom down to smaller wave degree . you can see an contracting triangle was formed and it is corrective pattern and it compose of 5 wave, each of them had a corrective nature .Triangles occur only in waves B, X and 4. Never in wave 2 or A.








The question of the contracting triangle can be spike up or down, it is like sword have 2 side :-) .

Base on the combination of the Elliot Wave study... the spike up probability is higher and let wait and see what will be happen







let talk about Real trading .. by knowing the information in hand... tell me what is your take ? pls remember trading is consist of money management, TA , FA and emotion control... let we walk through the journey together to be successful trader in KLSE, FX and etc...


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