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What is your next trading plan for Straits Times Index? Buy or Sell!
STI has retraced and retraced lower than the last low and retested the second low.
You can sell or buy, as long as you have enough reason to support your trade decision.
Straits Times Index and Significant Level, Bear Trap
Harmonic ABCD Chart Pattern and Fibonacci, STI keeps forming a higher high since beginning or 2014, April 2015 is the last high. STI has travel south since April 2015, now STI has broke out of the significant support. Will this the Bear trap? Don’t know. Only after STI has break up and retest the same level followed by travel north.
Straits Time Index has fallen lower than the last low. Be aware!
Straits Times Index have followed the Fibonacci for at least to two higher high.
You can read about other Singapore Stocks scan in this website.
Thanks for visiting the website.
Moses
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