Unusual (1D1 - SGX) [1-3 weeks view]Long 1D1 with low conviction
Entry: $0.285
SL: $0.270
Market is forming a possible double bottom reversal pattern.
Only when price surpasses $0.330 will this reversal pattern be confirmed.
$0.330 is also a strong resistance level found twice via:
- Descending trendline resistance
- Double bottom neckline
Should market break above $0.330, we can expect to see price rise towards $0.395 which is both 0.618 retracement level and a probable wave 4 target.
