pengiran-

09/07/2021 FCPO ELLIOTT WAVE ANALYSIS

Long
MYX:FCPOU2021   CRUDE PALM OIL-RINGGIT FUTURES
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6
TRADING CONTRACT: SEPT(U) 2021
KEY LEVEL = 3838, 3711
CRITICAL LEVEL = 3499

Working on the idea that wave 4 is already in place and looking for an impulsive movement toward 3978. Trading above 3838 will strengthen the idea.

As for today, we will monitor our 3711 key level serve as validation of the idea that wave 4 is already in place.

OUR CRITICAL LEVEL IS BASED ON ELLIOTT RULES THAT WAVE 4 CAN NEVER ENTER WAVE 1 PRICE TERRITORY.

I AM A GOOD TRADER - You only need one affirmation and this is it. Read these words every day until you don't have to read them anymore. =)