ArifHasbollah

FCPO Wyckoff Re-accumulation : Spring Formation

Long
MYX:FCPO1!   CRUDE PALM OIL-RINGGIT FUTURES
1. Price consolidation starting July 2021.
2. Automatic Rally (AR) with a large price drop to establish the support.
3. FCPO created ATH shows Sign of Strenght
4. Multiple Formation of Secondary Test (ST) with significant supply volume .
5. Noticed formation of the uptrend channel .
6. On 20 Sept 2021, the price drop significantly and close above the AR/ support area with moderate volume . This is a good sign for bull.
7. Price will break the resistance to continue higher.
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