Setup for Intraday :
1. Price near/ cross EMA200
2. Understand market structure either uptrend/downtrend/consolidation to be able to determine the SnR for the breakout.
3. Market trending confirmation by EMA14, EMA50, and EMA200.
4. Wait for a pullback when stochastic oversold/bought.
5. Make sure price reverse at least 3 candlesticks.
6. Entry when price pullback...
This spells trading opportunity for us as Palm Oil and Soybean Oil are generally considered substitute products, which means, at a large enough price difference, buyers may hop over to buy the cheaper one. Eventually closing the price gap back to its historical mean.
Some potential tailwinds for Crude Palm Oil include;
1) The reopening of China, which would...
This is demo for MYX Future Market Watchlist Generator.
The process is similar and explain in this video .
I did some mistake during watchlist. Watchlist does not need to be created.
Import directly from file, new watchlist name will appear.
Sorry for inconvenient caused, this video does not contain audio. Thank you.
Based on Wyckoff's schematic, this is the accumulation phase after markdown. We identify SC and AR. Now it is just away from the ST level...
The new trading range is still developing.
However, this is the possible developing channel
This option suggest that fcpo is still in its corrective structure, quite possibly an expanded flat and could reached RM 3500 ++ in the near term. Structurally, (C) is a 33333 ending diagonal (expanded version). Ultimately, this assumption will be invalidated if the price breaks the 3991 level and therefore validated my previous assumption of this is a start of...
Refer to daily chart, the trend lines still shows it is in bearish downtrend.
MCD does not have red column, no banker chips, only have green color Losechip.
Fortune crown does not have any signal for reversal.
Mirage shows the green column, it is showing money flowing out, bearish market.
Strategy is looking for Short entry in 15min or 1 hour timeframe.
An update : Expected wave B up has displayed a 5 waves up which warrant a closer look at the following structure as it may kick in other alternative count. Note it resisted at wave 4 of one lesser degree and based on pattern, a possible reverse head shoulder may appear which will support the upside view in the medium term.