241210 - Wilmar Has Fallen 19 Pecent, Is This The Right Time Now?

Hi Traders

After my analysis on 171210, explaining how the chart should be traded and why I didnt take a trade
at the end as Wilmar was not ready to move up. More confirmation would be needed to command
a trade.

Today, five days after my analysis, Wilmar plunged further down and I was lucky that I did the right
analysis not to take trade on 171210 where the single positive indicator "Demand Coming In" was
triggered but not substantial enough to make a trade.

So is Wilmar ready to move up from here. Well, the reply is the same again, we need more
confirmation again. Today's Wilmar triggered "Reduced Selling Pressure" on a  half-day trading
session due to Pre-Season Half - Day Trading.

So what will consitute to a potential rebounce from the level. Well, I would like to see that the
following things to happen next..

1) Price continue to move slowly up with less volume and maintain above recent low of $5.60
with possibility of base testing again, this may tell me that there are no sellers to push price below
the recent's low.

2) A climatic action that open lower than the recent's low but with wider price spread up and huge
volume, this will tell me that the professionals are eager to buy into the low price position.

3) Price bar becomes GREEN and the Trend cluster below the Volume bar turns GREEN too. This is a clear sign that a new trend has taken place.

Without the above, no trade will be done for sure.

 Just be patience like a Wolf behind the bushes and waiting patiently for the Herd of Sheeps to move nearer to your advantage and strike with precision.