Fcpo1
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: 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
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.
FCPO. WAVE 2 RETRACEMENT.Key level = 2095
Price already reach target retracement area 50-61.8%.
In my own personal opinion, there is still some room left for wave (2) retracement. Waiting for a clear evidence before too see if wave (2) have bottomed.
Key level must hold for this wave idea.
Let's see what the market will offer us.
Happy Trading
Want What The Market Want.
FCPO WAVE 2 CORRECTION PROGRESSKey Level = 1940
From our previous analysis:
“Expecting a 3-structure movement in corrective fashion to complete correction wave (ii)
from my personal opinion, I would like to see the end of wave (ii) at the area of 2093 – 2026”
Wave (ii) unfold into zig-zag pattern and we can see a clear 5-structure movement for wave C toward our target area.
With the idea of diagonal triangle wave (5) to end wave C and (ii), there are still left some room for throw-over below 2100 area. Expecting a sharp movement toward 2217 if everything goes according to plan.
Our key level is set at 1940, which is the starting point of wave 1 and as per Elliott rules “Wave 2 never retrace more than 100% of wave 1”. This wave analysis remains valid as long as our key level hold.
Let’s see what the market will offer us this week.
Happy Trading.
Bacaan Jangka Masa Panjang FCPO 2019Analisa ini dibuat sekadar ramalan berdasarkan "Wave Analysis" & "Trend Analysis" , Sepanjang perjalanan 2018 harga menunjukkan penurunan. Pada tahun 2019, setelah hampir penhujung Januari harga telah mula meningkat, dijangkan pasaran akan terus meningkat sehingga Suku tahun pertama serta penurunan harga dalam tempoh yang singkat. Moga bacaan ramalan ini dapat membantu serba sedikit sebelum melaksanakan urusan jual/beli inshaAllah
#FCPO