pengiran-

pengiran-

Working on the idea of ZM zigzag sequence in daily chart.

pengiran-

My game plan for FCPO as i see it.

pengiran-

Expecting a last rally to complete the wave sequence.

pengiran-

Idea #1 : 1st Wave Extension Expecting an expending or running flat is developing for wave 4 and a movement higher toward 2440 to complete this motive sequence. Idea #2: Wave 5 expending ending diagonal triangle We would like to see a strong movement toward 2160 area for this idea.

pengiran-

Potential counter for wave 4 pullback trading setup. Trading plan: Waiting for a buying setup.

pengiran-

BUY = 0.150, CUT LOSS = 0.125 Expecting a 5 wave sequence to developed toward 0.300 area.

pengiran-

See you again in the next trading opportunity.

pengiran- Updated 

Critical level = 27.55 Looking forward for short opportunity with soybean oil . 27.55 must hold for this setup.

pengiran- Updated 

Key level = 2144 Looking for buy setup for the last push in this 5 wave motive sequence. Breaking below 2144 will void this setup. Lets see what the market will offer us.

pengiran-

FCPO 20.05.2020 Critical level = 2024 There is a possibilities that price will go higher for last push to complete the sequence. Looking forward to see a pullback/counter trend movement in corrective fashion for wave 4 as an evidence that wave 3 has topped. Elliott Wave rules #3 " WAVE 4 CAN NEVER ENTERS THE PRICE TERRITORY OF WAVE 1" Invalidation level /...

pengiran- Updated 

FCPO 19.05.2020 Key level = 2038 Critical level = 1916 Expecting a 5 wave sequence to complete wave 3 in a larger degree, with an objective around 2180-2200 area. Trade probabilities, not possibilities.

pengiran-

Key level = 1916 For this idea, the 8 wave cycle pattern must complete and our key level = 1916 must remain intact. Breaking below key level will trigger alternate count.

pengiran-

FCPO DAILY CHART Key Level : 1916 Wave 2 complex correction; Triple Threes. Using Elliott Wave rule, key level is set at 1916 level. 1916 must hold for this idea. Elliott Wave Rules: WAVE 2 NEVER RETRACES MORE THAN 100% OF WAVE 1

pengiran-

Critical level = 1916

pengiran-

Key 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.

pengiran-

Key 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...

pengiran-

Key level = 2139 Critical level = 2095

pengiran-

Key level = 2038 Critical level = 1940 Wave (iii) Projection @ 1.618% = 2692