Let zoom down to smaller wave degree(2013 till today) which is form minor, minute and minute ... it showing downtrend which is very bearish, normally this type of trend will scare away majority of the stoke retail trader, but it is clearly show the short term downtrend is almost end with the 4 consecutive wave 5th and the major reversal is coming. We got to check other indicator to validate the down trend is end.
The risk to reward is worth with it. The Cut lost point is the price drop and close below RM1.4 and the 1st TP will be RM1.8/2.00 and second TP will be RM3.3/3.4.
Active traders should focus on smaller wave degrees starting from Minor or minute. The summary inspector will give its first indications when the smallest wave degrees (at the bottom) change to positive.
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