$YTLPOWR Short Term Bullish
GA Everyone, it's me again. hope everyone doing good. 如果看不懂英文的话可以按翻译哦. First of all, I wanna say I see a great short term opportunity for $YTLPOWR(6742.MY$ at the moment, from the current LTF (Lower Time Frame) as I see 2 scenarios, First I see this is the Bullish Three Drives Pattern.
The First Drive has been nicely hitted to my target price which is the Second Drive and now will be moving on to the next Drive zone. Next, on the Second Drive, it will be forming a Bullish Range Flag. I've put the sample below, so you know what's the range is.
However, there's a trap. Which is broken trend line, so the mid zone will be the resistance, if we couldn't break the mid zone, then I expect some pull back price.
So, if you're not in the position, Here's the setup. you can either wait to break and retest the very LTF trend line to enter or you can enter it now but remember, if you are playing with short term, play with Stop Loss. SL : 4.5 , TP : 6.40. Also remember to manage your Capital Risk too.
Have a nice day Brother and Sister.
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SabunOnfloor : If go up is it consider double bottom?
SmartmoneyMY OP SabunOnfloor : Yes, You're right, however nothing is confirm until it's break out and retest the support, I see 2 double bottom, 1 mini W and bigger W like what you mentioned.
102932551 : Wait only![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
trust me![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
it’ll be fine