19/01/18 – DBS Analysis

Screen Shot 2018-01-19 at 5.18.59 PM

Daily Chart – DBS has an overall bullish trend that is either losing some of its steam (short-term) or is trying to build traction. I would think the latter, as seen from previous price actions, market would have a high tendency to consolidate before making a new high.

So why did I say it might be losing some of its steam on the short-term? Pre-consolidation and post since the first circle shows that market has been growing 10% or greater, but on recent consolidation, market is growing at 8% or lower.

Then why do I think the latter is more true than the first? I believe market is ready to break into new highs and before doing so, it requires a chunky consolidated price actions (building traction/demand) before proving overall trend characteristic. In summary : this is a higher PROBABLE bet then the other.

I’d think market has a high chance to test previous structure low or form its new structure low. Thus giving traders a good entry opportunity so do watch out!

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