CONFUSING AND OBLIVIOUSLY MORNING HEAVY HANGOVER IDEA on CPOconfusing .....
yet ....
obliviously hangover idea
on CPO MYX:FCPO1!
this just an wild guessing and bad idea...& mostly baseless argument
#disclaimer_mode_on
Fcpo!
END OF WAVE 2 OR A WHOLE NEW PERSPECTIVEKey level = 1916
For this idea, the 8 wave cycle pattern must complete and our key level = 1916 must remain intact.
Breaking below key level will trigger alternate count.
Crude Oil Palm Continues to Ride the downward Coaster. Hello dear Malaysian traders,
Hoping express that everyone is in good health.
The global supply chain is infected, by this pandemic Covid. Every body was asked to stay at home, the workers are stopping from work. And there is no logistics can be done. The crude oil palm demand is also falling.
The best is, continue Short / sell with strength of downward pattern.
If you find my analysis is useful and helping you out, please do like, follow, and comment.
FCPO WAVE 2, COMPLEX SIDEWAYS COMBINATION.FCPO DAILY CHART
Key Level : 1916
Wave 2 complex correction; Triple Threes.
Using Elliott Wave rule, key level is set at 1916 level.
1916 must hold for this idea.
Elliott Wave Rules:
WAVE 2 NEVER RETRACES MORE THAN 100% OF WAVE 1
FCPO - Bullish AB=CDFCPO price has been fallen 862 points from peak of 3150 to 2288 (10/01/2020 - 28/02/2020).
In the daily time frame, a bullish AB=CD pattern has completed in the at the price of 2288 and start climbed to 2383. We expect the price would retest the potential reversal zone at range of 2288 - 2176 to find a support before it's continue rising north again.
PRZ = 2288
HOP = 2176
TP1 = 2617
TP2 = 2821
Waiting for the RSI to complete oversold in the HOP and enter order at the PRZ.
FCPO 26/2/2020 Trading Ideas, Rebound Day?Yesterday's CPO has dropped due to the drop on the sales result. Expect to rebound today.
Current: Still under downtrend
Expect to rebound and continue to drop
Long - at market open, TP before 2550(wait for retrace if manage to TP), CL 2430
Short - if break blue trend line
*This are my own trading plan, no intention to ask reader to buy/sell. Share with me if you have different ideas. Thanks.
FCPO - MACD Bullish Crossover Light Up More RecoveryFCPO
Trend: Tech rebound
Rst: 2,920
Spp: 2,752
4H chart has new candle broke through middle BB with MACD bullish crossover. Likelihood to surge towards MA50 or 2,920 is there.
CONFLUENCE OF SETUP FOR SHORT TRADING. DOUBLE TOPConfluence setup on FCPO 1hour and 4 hour timeframes. Divergence on RSI . Double top in the making for both timeframe. High probability trade with good risk to reward ratio.
what a year for fcpoI would like to wish all of traders a happy new year and happy trading in year of 2020. CPO is one of performing commodity. Bullish trend since Oct 2019. May year 2020 will bring a lot of profits. Do not give up in trading. Find a method that suit your personality. Feel free to message if you have any difficulties in trading.
fcpo in euphoriaFcpo in euphoria state. Continuation of uptrend after consolidation for few days. 3046 is recent resistance
FCPO Yearly Outlook - Sideways-Up Situation for 2019Hi Guys, as usual, start the year with annual outlook on FKLI & FCPO.
First try on video commenting, microphone volume was abit too low, just turn up your volume will do ;)
Hope you like it!
Happy Hunting & Happy 2019!
-jk-
FCPO Reached The historical "Mean"The previous rally as mentioned in previous post have reached the pattern target 2773. Looking at the monthly chart, 2773 served as crucial support resistance for past 10 or more years. Reader please see arrow for self interpretation.
