Leg 3 of Bull Break Still Not Done

Leg 3 of Bull Break is still not done. There was a minor confirmation of a bottom at 1439.00 at 11.39pm (S'pore Time), with the TREND Chart pointing up. Was a good chance for a LONG. But with the Matched PRICEs at 1440.75, there was clearly not enough strength for PRICE to go any higher. Thus, PRICE started heading down again & we made a Lower PRIME Low, on the Trading Chart, but only barely. With only a B-PPF, the downward thrust also lacked strength.

PRICE presented another minor confirmation at 1438.75 at 01:23am (S'pore Time), and again, with the TREND Chart pointing up. However, the upswing was again confronted with a matched PRICE, but now, it was instead a MATCHED PRIME (Again, weakness in the upmove & worst, in PRIME). What followed was a Minor PPF of Resistance at 1440.00 at 02:28am (S'pore Time) & it was a signal to go SHORT (especially with the TREND Chart turning) - This SHORT would have been very sweet, indeed !

Going into the close, we are still not done going down. We have a Minor Confirmation of a bottom. The upswing in PRICE is merely a pull back. Thus, a key level to watch for in this pull back is stated below:

1st Key Resistance level to watch out for is 1440.75 (last PRIME Resistance on the Trading Chart. If we clear this level, then there is a possibility for PRICE to move higher.

Remember, we TRADE PRICE.

10:39pm We have cleared the 1st Key Resistance mentioned in this morning's review.
10:42pm Since I've already missed the move, will wait for an opportune time to go LONG, if possible...provided the upmove doesn't end abruptly, that is.
10:58pm We have a PRIME PPF on the TREND Chart. We will go SHORT if we get a failure of Resistance here...A PRICE match has actually just taken placed at 1443.25 (3 Times - Oscillation Wise)
10:59pm Oops...it broke out as I finished my post...LOL
11:04pm Aggressive SHORT here at 1443.25 / STOP 1444.25
11:10pm Out at 1443.75 / -0.50pts. Will wait for another safer trade.
11:12pm There's still "legs" on this upmove...
11:14pm TREND Chart has just turned down.
11:24pm Forgot to mention earlier that Leg 3 of Bull Break was completed the moment we hit PRIME (in the post mentioned at 10:58pm just now) and we are now in a BEAR TREND.
Now, it is whether this upswing ends here, or do we have more to go. Because effectively, we are gonna make Lower PRIME Highs as we move along, until this BEAR TREND Is reversed.
11:35pm Matched Oscillation PRICE Top again...now at 1444.75
11:36pm Will attempt a SHORT if we get a Minor PPF of Resistance here.
11:53pm SHORT 1442.75 / STOP 1444.00
12:30am Stopped at 1444.00 / -1.25pts. Wanted to see if this trade could be a longer term one. Apparently not.
12:33am I'm done. 2 Trades. 2 Losers.