EKOVEST, Strong Breakout Followed by 3 Black Crows

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Bias: Bullish. After a strong breakout on the 13th Dec 2019, the next 3 trading days saw the price experiencing retracement with 3 black crow candles formation. #bulltrap

Stop-loss: 0.830
// This stop-loss point is really tight; please manage your risk expectations. Previous swing high and 50% price retracement zone.

1st target: 0.950
// Previous high as resistance.

2nd target: 1.09
// Fibonacci 1.618 extension .

Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Peace out!

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If you have any questions or trading ideas, please post them in comments!
Thank you for your support, we appreciate it.
Trade fermée: ordre d’arrêt atteint
Price slipped below our stop-loss.

Something interesting that happened on the 19th Dec was that equities trading halted after 5.45pm on Bursa Malaysia, and there was no closing auction that day.
Note
Amendment: 4.45pm
bulltrapcorrectionFibonacciMoving AveragespullbackpullbacktraderetracementSupport and Resistance

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