Key level = 2038 Critical level = 1940 Wave (iii) Projection @ 1.618% = 2692
Key level = 1940 Critical level = 1863 Post-Triangle Thrust target @ 5141
Key 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...
Key level = 2184 Critical level = 2095 Expectation: Working on the idea of wave (3) of ((3)) for FCPO market, we are hoping to see price rally toward 2235-2260 area to complete the first sequence of motive wave before entering corrective pullback. As for now, on one significant timeframe lower, we can only see a three-structure development. By using the...
Key level = 2193 Critical level = 2095 A very sharp movement today on afternoon trading session toward 2177 area is a good sign that wave (2) already in place. Looking for an impulsive 5 structure movement toward 2235-2260 area to strengthen the idea that wave (3) is unfold. If wave (3) already started, price has no business under 2193 area. By following...
Key level = 2095 Yesterday price movement breaking below 2147 clearly telling us that wave (2) still not in place yet. Working on one wave at a time, I’m going to wait and see the development for this downward movement and adjust my plan accordingly to the market tune. Happy trading
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.
Key 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...
FCPO Daily Chart Key Level : 2344, 1940 Price rising from 1940 - 2344 in motive 5 wave structure add support to the idea of wave C of E in weekly chart triangle is completed (Scenario #1) 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...
Hi 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-
Recent bullish momentum was short lived after FCPO failed to break the 2055 - 2060 zone. As of now, FCPO seems to trade within a contracting triangle. Our primary projection of an expanded triangle looks bleak, but valid nonetheless. With no fundamental element to entice market to climb higher, the last bullish leg (wave c of (e)) of the expanding triangle is...
An expanding triangle is anticipated. Price needs to travel beyond the 2078 price level to ascertain triangle formation. Wave c of (e) is likely to terminate between 2110 - 2125. Any strong violation of EW invalidation level @ 2137 could suggest the next major downtrend may be limited to a certain extent. Market is then expected to embark on another (probably...