faridah_sanny

faridah_sanny Updated 

FCPO is probably preparing to trending higher in the future but I'm a bit CAUTIOUS because the price hasn't broken the important level yet (strong resistance) which is around 4500. Currently, the pattern which is unfolding is a ZigZag (thought to be). Assuming this assumption holds true, wave C should ends about the same length of wave A, around 5000 - 5200...

faridah_sanny Updated 

As expected market has moved towards the north and seems to have exhausted its uptrend momentum at least for now. Correction is now more likely to occur after 5 waves move have already unfolded in the wave 3 Primary. Given that correction in the Primary Wave 2 is a Zig Zag, the rule of alternation could be at play here for Primary Wave 4 - most probably flat...

faridah_sanny Updated 

Based on the movement of the market yesterday, it might be possible that (3) is still in play here and its due to 2 reasons: 1) Wave (3) is an extension - thought to be, technically the market should at least move until it reaches fibo level 1.618. 2) Formation of the market highlighted in the box seems to be developing a five wave move (not confirmed...

faridah_sanny Updated 

FCPO could potentially be on its bullish course to reach RM 5000. However, there could be some room for the price to drop just slightly to complete of what could be a flat correction in the 2. An immediate break from the zone area highlighted with a box could suggest that flat correction have completed and might be on the 3 of (3) wave. Disclaimer This is NOT...

faridah_sanny

AAPL will very likely touches $160 - $164 area in the near term based on EW projection and fib extension. If this holds true, then the price will make a retracement (wave 4) to propel even higher later in the future. However, an immediate drop below $147 would suggest that it is the start of a new wave trend. Disclaimer This is NOT buy/sell call but for learning purposes.

faridah_sanny

In the short term, FCPO will very likely retest its trendline around 3930++ and hence completing its 3 waves structure in the B. A break below 3815 would invalidate this assumption and suggest that b is just starting. Disclaimer This is NOT buy/sell call but for learning purposes.

faridah_sanny

This option suggest that fcpo is still in its corrective structure, quite possibly an expanded flat and could reached RM 3500 ++ in the near term. Structurally, (C) is a 33333 ending diagonal (expanded version). Ultimately, this assumption will be invalidated if the price breaks the 3991 level and therefore validated my previous assumption of this is a start of...

faridah_sanny

www.tradingview.com FCPO could start its bullish momentum all the way to RM5000 ++ completing its major correction C structure (ZigZag), this of course is based on my biased Elliot Waves mapping. The only time we can be absolutely certain is when the market has broken past the RM4300 area until then it is only a speculation. However, there are early evidences...