Disclaimer : All past, current, future analysis are purely for “entertainment, research, studies” purpose only..TOPGLOVE. after “reviewing “ its price’s structure the initial expanding abc ( yellow) waves pattern idea which might “finished “ its “bearish correction “ most likely won’t happen. The current downward price movement from all time high look more like an downward impulsive 5 waves which is wave A ( Red Circled).. So..so.. there is a high “possibility” that Topglove will have another “deeper” leg down which is wave C ( Red Circled) where Price could ONLY “complete “ its “long term” correction probably @ around RM0.185. !!!!!??? BUT..but wave B ( Red Circled ) could “retrace” “ up to” around RM5.50 - RM6 which is Fibonacci 0.618 and Volume Profile POC....
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.