Yesterday : 1. SnR : Price sustain above the RbS level. 2. Channel : Price respect uptrend channel 3. MS : Price make uptrend structure Planning for Today? 1. SnR : Price may test nearest supply level around 4100~4120 2. Market Structure: For now BUY MS is still intact. Monitor if the price breach MS. 3. EMA: Price still not tested EMA50. Today's price may be...
FCPO could potentially be on its bullish course to reach RM 5000. However, there could be some room for the price to drop just slightly to complete of what could be a flat correction in the 2. An immediate break from the zone area highlighted with a box could suggest that flat correction have completed and might be on the 3 of (3) wave. Disclaimer This is NOT...
Yesterday : 1. Price able to break down uptrend channel. However, the support area is still holding up. 2. Maybe the price did reaccumulate again before the gap-up today. Today : 1. Price gap up due to high demand following SBO demand. 2. Price so far sustain above the supply zone. 3. Price still not yet at the immediate resistance level. If breaks above,...
1. Price reject mid-channel and retest lower channel. If the channel is still intact, high chance to continue the uptrend. 2. Market structure: Buy market structure is still intact unless the price breaks the 3906 level. 3. Price still plays around supply zone 4. Price reject EMA50 at 30min TF. New contract 15min : 5min : Price in sideway mode but uptrend still intact
1. Channel/Trendline: Yesterday price retest and reject mid-channel before going up to test the upper channel. This indicates strong buyers in the market because not allow prices to go lower channel. 2. SnR: Price plays in the support zone area and is still not decided yet on the direction. 3. Fibo: Price rejects 236 fibo level indicates sideway market still in...
30min view : 1. SnR: Price rejected the test support area and try to cross the resistance area. However not sustain above the zone. 2. Channel/TL: Price overshoot the TL but is not sustainable to go further. 3. MACD: still not shows an indication of bullish divergence even though green MACD already happening. 5min view in the comment
As you can see, prices make a higher high and higher low. The structure is there. So for me, a long position is less risky than a short position.
1. SnR: Price not able to sustain above resistance zone 3994. This indicates a strong seller 2. Channel/Trendline: Price break up trendline - Indicate sideway/change direction. 3. Oscillator: MACD from yesterday shows a bearish divergence Expectation : 1. Price will continue bearish momentum until at least close the previous gap. Trading plan as usual : 1. In...
FCPO for April 2023 shows a sign of rejection on resistance 3995 yesterday - if the pattern continues, today we might expect some opportunity to short - analyze based on the trend on TF15 min - EMA crossing appear in TF5 min, approaching for TF15 min - strong support around 3943, if the price break, potentially will go further.
Today , i will share my idea by picture. I believe finish "C".
30min TF : 1. Price break resistance and test supply zone and push back below the resistance. 2. Price break uptrend channel. Indicate SW for 30min or change the trend. 3. MACD shows bearish divergence. If the price goes for bearish divergence, possible to close the gap and target to be around 3860. 5min TF : 1. Price crosses EMA50 : Sideway/Change trend 2....
This is my daily chart view. I think price will find resistance zone before making a decision.
Yesterday's price made an upward movement followed by a sideway which looks like a distribution pattern after breaking the channel. Today if the price sustains above the 3988 area, there is a chance of upward movement. 5min view later will update
Let's see if FCPO will go to the retrace zone and then make a decision. Go up or go down. The short-term decision, Long if breaks resistance and short if opens below resistance.
Price is still in the uptrend channel. Expect the price to retest the mid/lower channel. 5min TF, price respect EMA50. If today price cross EMA50, expect some trading range before next movement.
My drawing shows that FCPO bias for going more higher.
In the short term, FCPO will very likely retest its trendline around 3930++ and hence completing its 3 waves structure in the B. A break below 3815 would invalidate this assumption and suggest that b is just starting. Disclaimer This is NOT buy/sell call but for learning purposes.
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