Tuesday 17 November 2015

FKLI on 17/11/2015

FKLI is making a bullish ABCD pattern in the hourly chart as image shown:

                                                                      FKLI Hourly Chart

The ABCD pattern formed by FKLI is perfectly fitted for point C and point D; where point C is nicely sit @ the AB line’s 61.8% Fibonacci Retracement level or 1694 whereas point D is touching around the 127.2% of BC line’s Fibonacci extension.

The pattern is the bullish ABCD where the rebounding from point D is a trigger for BUY based on the theory of bullish ABCD pattern. 

The probability of FKLI to trade upward tomorrow is much higher based upon the theory.
Let’s witness the FKLI’s progress tomorrow!


Good luck & Happy Trading!


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