The trend is extremely bearish bias and this week ended with a strong bear candle erased the last weeks gain. MACD histogram forms the 17th bar above zero. This week the market close at 2712.
The market pullback from high and ended lower on the last trading day of the week. MA9 crossed down MA16 on 29th Sep 2020. TKM v1.2 had placed two Short entries on the Open price, 2730, CutLoss at 2800, and Profit target at 2650. However, on 30th September 2020, the market gap up and go above 2800. TKM v1.2 has NOT to trigger Cut-loss because based on the price movement, we do not CutLoss on the first day the price got triggered, we usually do it on the next day. With some patience, 1st October 2020, the market gap down and stay lower than our CutLoss and Entry Price. This order still holding and valid!
Order status: Short FCPO Dec2020 at 2730, CutLoss 2800, Profit Target 2650.