1. Yesterday price able to break mid channel, however, afternoon session price backup again to test mid channel. Expectation today : 1. Price still in a consolidation phase. High chance to form a creek or ICE formation before next step. Trading plan today : 1. Trade in Sideway. Sell high, buy low..
Welcome . Quick deal. An opportunity to buy fcpo1. Breakout of the double brick pattern. There is a strong trend. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas, thank yo
Last week : 1. Price retest again the UT level at the same supply zone level before going back down again. 2. Price stop at EMA50 30min and Mid channel 3. SBO continues a downtrend after the FCPO market close down almost 2.45%. Expectation : 1. We expect CPO to follow the SBO gap down to 2.4%. 2. Price will break mid-channel and possibly lower channel. 3. When...
Yesterday price not able to break mid channel and rebound higher to test the last supply zone. Today, 1. Price backdown again inside the TR to confirm UT formation. 2. If sustain inside the TR, possible to go lower TR. Any possible spring/SoW still in view
Yesterday : 1. As expected, price test nearest resistance before going down to test EMA50 30min. 2. Night session price back up again and we notice the volume is diminishing. 3. Notice BCX and AR before ST forming last night's session. 4. Trading in range before UT/UTAD or Spring appears. 5min : 1. MS : sideway structure 2. EMA : EMA12 above EMA50 = uptrend 3....
1. Yesterday price failed multiple times to break 236 fibo level. However price to able to reach down to 786 fibo level. Buyer and seller are still strong. We can expect price sideway. 2. 15min TF, price already breach EMA50. 30min TF, price still not test EMA50. We expect the price will test it sooner. 3. Channel uptrend is still holding up. Mid channel tested...
1. So far price still uptrend movement in the channel. 2. Price still test EMA50 15min. Expect sideway movement to form reaccumulation or distribution pattern. 5min : 1. Price breakdown EMA50 multiple times but back up again = Strong buyer still have upperhand 2. EMA12 still above EMA50 = uptrend
Yesterday : 1. SnR : Price sustain above the RbS level. 2. Channel : Price respect uptrend channel 3. MS : Price make uptrend structure Planning for Today? 1. SnR : Price may test nearest supply level around 4100~4120 2. Market Structure: For now BUY MS is still intact. Monitor if the price breach MS. 3. EMA: Price still not tested EMA50. Today's price may be...
Yesterday : 1. Price able to break down uptrend channel. However, the support area is still holding up. 2. Maybe the price did reaccumulate again before the gap-up today. Today : 1. Price gap up due to high demand following SBO demand. 2. Price so far sustain above the supply zone. 3. Price still not yet at the immediate resistance level. If breaks above,...
1. Price reject mid-channel and retest lower channel. If the channel is still intact, high chance to continue the uptrend. 2. Market structure: Buy market structure is still intact unless the price breaks the 3906 level. 3. Price still plays around supply zone 4. Price reject EMA50 at 30min TF. New contract 15min : 5min : Price in sideway mode but uptrend still intact
1. Channel/Trendline: Yesterday price retest and reject mid-channel before going up to test the upper channel. This indicates strong buyers in the market because not allow prices to go lower channel. 2. SnR: Price plays in the support zone area and is still not decided yet on the direction. 3. Fibo: Price rejects 236 fibo level indicates sideway market still in...
30min view : 1. SnR: Price rejected the test support area and try to cross the resistance area. However not sustain above the zone. 2. Channel/TL: Price overshoot the TL but is not sustainable to go further. 3. MACD: still not shows an indication of bullish divergence even though green MACD already happening. 5min view in the comment
1. SnR: Price not able to sustain above resistance zone 3994. This indicates a strong seller 2. Channel/Trendline: Price break up trendline - Indicate sideway/change direction. 3. Oscillator: MACD from yesterday shows a bearish divergence Expectation : 1. Price will continue bearish momentum until at least close the previous gap. Trading plan as usual : 1. In...
30min TF : 1. Price break resistance and test supply zone and push back below the resistance. 2. Price break uptrend channel. Indicate SW for 30min or change the trend. 3. MACD shows bearish divergence. If the price goes for bearish divergence, possible to close the gap and target to be around 3860. 5min TF : 1. Price crosses EMA50 : Sideway/Change trend 2....
this is haidojo and the number is 328 ... A brief review of the whole June month, we could see that fcpo-Aug22 and fcpo-Sept22 were faced with a great fall or a heavy rollover all-the-way down frm RM6k ++ till yesterday, when the price had fallen below the RM4k borderline, a full 2000-pts ++ drop, marking the end of the era of RM4k, which started...
Palm oil plunged as expected last week. Market hit weekly low at 4567 and closed at our 1st resistance level. Main reason of the weakness in CPO market due to the uncertainties over the impact Omicron coronavirus variant which dented demand for CPO. Technical view: 1. Immediate resistance level: 4700-4730 2. Stochastic level= Sell Signal remain Suggestion...
Happy Deepavali to all Hindu fellows... This is UCL Posting :D 1. The last accumulation hit our conservative TP and currently making a new re-accumulation phase with a triangle pattern. 2. If the price can close above 5090 there is a chance the price will continue the uptrend 3. or else possible downwards movement to form spring formation. 4. Notice massive...
1. Setup : EMA14>EMA50 = Uptrend 2. Signal: Re-test EMA14 3. Confirmation : 5min bullish engulfing + Bullish pennant pattern 4. Entry : at the low side of pennant triangle 5. SL : 10 tick below signal CS 6. TP : fibo extension 100% / until reversal CS Price near resistance but not retest yet the highest level. Risky setup possible price go down.