January 25, 2015
Straits Times Index, STI Singapore Stocks Market benchmark.
The AB = CD pattern is one of the simplest to identify in any market, any timeframe, and is the basis of other patterns. The AB = CD pattern is a leading indicator that provide an approximate point where and when to enter and exit a trade. The AB = CD provides a visual, geometric price or time pattern comprised of three consecutive price swings; AB, BC, and CD.
This can be depicting in the following chart.
About ten days ago, we will still wonder can STI break the 3370 points. Finally, STI has crossed the 3370 points level. It is a very important level for STI. Can STI hold up this level? Will see.
Straits Times Index, STI January 23, 2015 Daily
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Moses
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