Fcpo
FCPOZ2019 movement prediction 30.9.2019Based on the latest 4 hour chart, I think the price will continue to move south to complete wave 3 if support at around 2134 is broken according to Dow Theory. If I draw my fibo ext correctly, next target should be around 2105.
Trade at your own risk.
FCPO 18-21 September?My first publish idea on FCPO trading Still learning the basic.
Overall trend is bearish next week from the chart
FCPOV2019 Still Bearish MomentumGap down upon market open still bearish momentum. Bears are pushing the price down. If you have no position, wait for chart pattern reversal and confluence with momentum indicators. Possible reversal today but wait for the bears to finish play.
FCPO: Hourly EW Count - Jun 28th 2019Weekly demand zone between 1863 - 1953 is being tested yet again. A small overshoot of wave 5 (circle) below 1940 is expected rather than a truncation with dashed line governing the extreme. Any strong movement below dashed line or 1900 price level will require a recount.
#contengconteng #fcpo #crudepalmoil
Bullish Gartley Pattern in hourly?FCPO formed a bullish gartley in the hourly time frame.
There is a high chance the market may move upwards and retest previous structure highs.
However there are no guarantees in trading. Hence stops can be considered at 1,960 and below, which is the X leg of this gartley. A close below this 1,960 will kill off this bullish gartley.
DISCLAIMER: ABOVE ARE BASED ON MY OWN ANALYSIS, IT'S NOT A BUY/SELL CALL AND DOES NOT CONSIDER YOUR RISK APPETITE.
Ranging FCPO. Which price level you should keep an eye on?In 1 hour chart FCPO considered ranging. Here are support & resistance levels worth your attention : 1994 support level and 2116 resistance level.
DISCLAIMER: ABOVE ARE BASED ON MY OWN ANALYSIS, IT'S NOT A BUY/SELL CALL AND DOES NOT CONSIDER YOUR RISK APPETITE.
FCPO. COMPLEX CORRECTIONKey level = 2038
Updated wave interpretation based on market fact; it seems like wave ((2)) is developing into a complex correction. Our first assumption for this complex wave ((2)) is a double three correction pattern. Looking for wave ((2)) termination in the near future. Our key level must hold for this wave analysis.
FCPO. TRADING PSYCHOLOGYKey level = 2139
Critical level = 2095
Yesterday price open with down gap and tested our key level @ 2139. Price re-bounce just 1 tick above our key level. We are still with the idea of wave ((3)) as long as our critical level of 2095 hold. Breaking below our key level 2139 will trigger alternate count that still valid for wave ((3)) development.
**((x)) denote wave label in circle.
FCPO. HIGHERKey level = 2139
Critical level = 2095
Expectation: Still with the idea of wave (3) of ((3)) in play, downward movement today we see as a corrective pullback marked as wave 2. Looking at a lower timeframe, we label the sub structure as a motive wave with an extended wave 5. Key level 2139 must hold for this wave analysis.
Reality: Let the market decide.
Hanya Allah yang memberi.
Happy trading.
