pengiran-

FCPO. WE GOT AN IMPULSIVE MOVEMENT!

Long
MYX:FCPO1!   Crude Palm Oil Futures
Key level = 2184
Critical level = 2095


Expectation: Working on the idea of wave (3) of ((3)) for FCPO market, we are hoping to see price rally toward 2235-2260 area to complete the first sequence of motive wave before entering corrective pullback.

As for now, on one significant timeframe lower, we can only see a three-structure development.
By using the Elliott Wave Rule # 3, “WAVE 4 CAN NEVER ENTER THE PRICE TERRITORY OF WAVE 1 AND 2”, our key level is set at 2184 for the sub-wave development.

Reality: Let the market decide.

Hanya Allah yang memberi.

Happy trading.

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