ArifHasbollah

FCPO 21 Feb 2023 : Reaccumulate/Distribution?

MYX:FCPO1!   Crude Palm Oil Futures
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

Comment:
Trading opportunities?
Big candle, Low volume near EMA12
Comment:
Sustain above trading range or break below?
Comment:
Stopping volume
Comment:
Another SV?
Comment:
Multiple SV
Comment:
Price below EMA12+EMA50.
EMA12 below EMA50

Price now still in ranging mode
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