Key level = 2139
Critical level = 2095
Expectation: Still with the idea of wave (3) of ((3)) in play, downward movement today we see as a corrective pullback marked as wave 2. Looking at a lower timeframe, we label the sub structure as a motive wave with an extended wave 5. Key level 2139 must hold for this wave analysis.
Reality: Let the market decide.
Hanya...
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...
Key level = 2193
Critical level = 2095
A very sharp movement today on afternoon trading session toward 2177 area is a good sign that wave (2) already in place. Looking for an impulsive 5 structure movement toward 2235-2260 area to strengthen the idea that wave (3) is unfold. If wave (3) already started, price has no business under 2193 area.
By following...
Key level = 2095
Price already reach target retracement area 50-61.8%.
In my own personal opinion, there is still some room left for wave (2) retracement. Waiting for a clear evidence before too see if wave (2) have bottomed.
Key level must hold for this wave idea.
Let's see what the market will offer us.
Happy Trading
Want What The Market Want.
Key level = 2095
Yesterday price movement breaking below 2147 clearly telling us that wave (2) still not in place yet.
Working on one wave at a time, I’m going to wait and see the development for this downward movement and adjust my plan accordingly to the market tune.
Happy trading
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