The price of FCPO climbed above 3000 after it failed to establish the reciprocal head & shoulder from the previous call. Price touched the supply zone (violet box) again. However price rejected and fell to 2800 psychology level.
In a short term view, the price may hovering with a bullish 5-0 harmonic pattern identified supported on the level of 2800. A potential to go for a long order if the price action tested the stop and reversal toward the range of 2800 - 2836 (Smaller blue box) with a first target price of 3004 and second of 3051.
In a short term view, the price may hovering with a bullish 5-0 harmonic pattern identified supported on the level of 2800. A potential to go for a long order if the price action tested the stop and reversal toward the range of 2800 - 2836 (Smaller blue box) with a first target price of 3004 and second of 3051.
Comment:
TP1: Hit
Comment:
TP2: Hit
