FKLI - Wave 4c(iii) On-track (Midday Review)

A quick review on the market at lunch break.

Wave 4c(iii) in progress (Dec 05, 1300h)

 

 

 

~ HOLD if - we are able to close high today to form a White Marubozu

                   - able to close above 1,611, confirming MACD crossover 

~ Multiple contracts can consider taking partial profit around 1,610-12.

I'm currently more bias to keeping positions overnight as I believe the bullishness will carry over to tomorrow's session.

However, beware of a relatively deep Wave 4c(iv) correction, either by today or tomorrow (Dec 05@06), as the previous c(ii) pullback was rather shallow.

Lunch!! :D