ArifHasbollah

FCPO 8 Oct 2021 : Bearish Pennant?

Short
MYX:FCPO1!   Crude Palm Oil Futures
1. Yesterday have bullish pennant formation.
2. Today morning open price hit TP with 1:1 for pennant formation
3. Bearish momentum strong
4. Possible formation of bearish pennant as long as not break the bearish engulfing pattern.

Target TP is 120point.
Comment:
Break the pattern.. invalidated pennant
Comment:
Market Sideway.. let see which side price choose.
Strong bearish CS indicates price biased towards a downtrend.

Comment:
Sell at resistance with condition
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