this is haidojo and the number is 279 ... after almost one month of absent, finally I come back with some discovery...it is possible a reversal signal for fcpo...! after retesting the high of 4060-4100 failed, fcpo-july has been facing some selling pressure today...at closing, it has dropped more than 100pts frm its peak at 4084! and we can see a formation of...
🔅Fed continue with USD printing, US 10yr bond yield consistently rising touching 1.7-1.8%, US Stocks pumped by stimulus money... 🔅Across-the-board commodity spike especially food & grains... 🔅USD Index continue rising despite excessive printing, suppressing EM markets currencies (including our MYR)... 🌐These are all MACRO reasons why CPO will see higher...
this is haidojo and the number is 278 ... so after some waiting, no advanced patterns, and sideway has retreated...now uptrend is back... bull has gained its strength and long on retracement is the best offer frm market now...careful with full-force dropping! enter only when the market starts to slow down...don't catch "a falling knife" ! that's all... *plan...
this is haidojo and the number is 273 ... gudbye fcpo-may and welcome fcpo-june...as the new fcpo has arrived, it is still unaware which direction it is going... for the past 2 days, fcpo has been trading lower...but as long as the previous higher-low is not violated, then we still regard this is as a continuation uptrend...previous higher-low to observe is...
this is haidojo and the number is 272 ... after hanging in tight range for a few days, fcpo-may has stricken again! the market has gripped the uptrend flight again and now we can see the bull is dancing towards an uptrend staircase... what is interesting though is now we have past the previous high which was formed in early Jan this year, ranging frm...
💡Q1 Call to ATH in progress... 💡Mid-term CPO Bull Cycle wave counts in progress... ❇️ Holding Long's, aiming ATH, then new ATH. ⭐️ Fundamentals: US Fed excessive money printing > MYR continue weakening > Rising inflationary pressure > Spike in Food/Agricultural Commodities > CPO Bull Cycle
after breaking down the big picture or the so-called the "bird's-eye view" frm daily chart, now we go to the lower timeframe at hourly chart... if the support level frm 3600-3645 can hold, then there is still a possibility that the market will rebound back...so till then, officially fcpo is in uptrend...yeah, I know, I know...we have a huge drop today...it didn't...
frm daily chart, we can look at the range for fcpo which is formed within a huge range frm 3200-3880...a 680-pts range... as for what has happened today, if a lower-high is formed (today a gap-up-went-down hits as high as 3820 before going down all the way to close at 3670) at 3820, then the previous 3880 became a history, and then we look closely at 3200, the...
long story short---2 updates... 1) bearish cypher pattern becomes invalid as the X leg is violated... 2) the resistance level of 3720 has been breached...so long on retracement now...bull is back *plan your trade and trade your plan... gud luck* resistance : 3830-3880---previous high support : 3720 resistance-turn-support WARNING! RISK DISCLAIMER :...
Juz as I thought the fcpo-may is going to go down, it went up straight away and ...still haven't proved me wrong... don't get this on the wrong side...this is not emotional, I am not trying to save my sorry arse...as long as the price didn't pass the previous high at 3720, we still don't know whether this is still a bearish call or a bullish call...however, if...
MCX CPO (31 Mar 21) Will Move Downside from the level 1049-1060 It may face resistance near 1092-1099. Down side TGT will be near 1010-990-975. MCX:CPO2!
after getting "stuck" at 1615 for 2 days, fkli-feb turned to the downside, and now we are at a crossroad...1575... if the price rebound frm here, then we might see a sideway movement or continuation of uptrend...but further below this then the price creates a new structure low and will continue further down... bcox the daily chart is still in downtrend, therefore...
based on my analyst on 16th Feb 21, as long as the support range frm 3500-3540 hold, then we have a chance to see a rebound to further high, but unfortunately, that support level didn't hold. Instead, a breakout frm a classic head-and-shoulder pattern appears and a reversal has happened...the "neckline"---3540 has been broken down, and new low reached...
Sideways-Up bias before the eventual Longterm upside breakout to 4k & beyond, commodities are seeing across-the-board rise on hyper-inflationary risk, thanks to massive money printing. CPO price bounced off major S @ ~3200, subsequently reach R1-R3 upside mentioned in previous post. Expect further consolidation near wide range top (3500-3800) region, potential...
new fcpo-may has arrived... see if the region of 3500-3540 will hold or not...if it holds, then most probably continues higher... if that region of support doesn't hold, then reversal might happen... in the midterm, fcpo is still in uptrend... that is the brief tdy... *plan your trade and trade your plan... gud luck* resistance : 3700-3722 support : ...
"A" leg of the advanced pattern bullish bat pattern has been violated. therefore, no more advanced pattern. most probably fkli will continue to go higher, as more higher-highs are formed in hourly chart... as for Chinese, Hapi Chinese New Year.... *plan your trade and trade your plan... gud luck* resistance : 1615 immediate support : 1594 lower support ...
this is trade 262 frm haidojo trading... due to the recent sideway market, yesterday I spotted another advanced pattern. A better risk reward and bullish bat pattern... entry is at the support level--1560, SL below 1554, 1st tp 1570-75, 2nd tp 1586...but I am not so keen on the second tp on this one... sideway market is not suitable for holding position-sizing,...
this is haidojo and the number is 261 ... instead of staying in the tight range and bouncing up and down, fcpo-apr has made a significant level by creating a new structure high, thus it is sideway market no more, now uptrend has come back...the bull is back! so the advanced patterns are no longer valid, and now the expectation is on whether the price shoots up...