FCPO 5 Min TF Short Term Triangle Possibility. It may however retest the low. Provided it is not broken, it should move swiftly up from then on.
this is haidojo and the number is 328 ... A brief review of the whole June month, we could see that fcpo-Aug22 and fcpo-Sept22 were faced with a great fall or a heavy rollover all-the-way down frm RM6k ++ till yesterday, when the price had fallen below the RM4k borderline, a full 2000-pts ++ drop, marking the end of the era of RM4k, which started...
FCPO 5Min TF Possible break of ascending triangle. Normally a triangle will break out of its flat side.
Clearly price still in downtrend Andrew Pitchfork. Seller still in charge.
Just my 2cents Normally AP follow the market structure then its must keep updated to find more accurate
Price may be moving up as retracement to the highlighted pink area above.
Price broke 4490 thus initiating a possible 5th wave. Target being the pink area below.
Hello there, it's been awhile since my last published. My apologies for not being actively in publishing the idea like i did before in 2020. Hope you guys are doing good. Anyways just to update to you guys, im curently studying & practicing Elliot Wave from EWI (google it) since feb 2021. Was a candidate of CEWA examination LVL1 and right now im looking forward...
Retracement up before continuing lower. Target, pink area above.
Applying stochastic indicators would help us to detect the right movement of the price Long and Short. 3 Different Lines will determine the price movement exponential or saturated. Gud Luck!
FCPO Retracement up on the 2nd leg up to the pink area may occur. Expecting price to bounce off the gap area before moving up.
easy 40 ticks possible short sell when observing indicators and oscillators. lets try and keep doing back testing to get yourself more used to ...
Technical View: Palm oil downtrend paused after tighter range move and inside bar formed, which indicates a reversal signal. Stochastic K% line showed mixed signals, as in daily chart, K% crossed down which indicates sell signal, while in weekly chart, K% line near to oversold level but K% remains crossed down which indicates market likely to further down before...
Let see if seller still in control. This analysis for education purposes only.
The immediate short term target for a 5 minute timeframe for FCPO should see price go lower to the pink area marked on the chart.
Backtest on FCPO trade using divergence oscillators and indicators
Palm oil extended losses and closed at 4664. Daily chart broken EMA200 line which indicates market closed in bear market territory. While Stochastic K% line showed mixed signals, as in weekly chart market remains in selling signal while in daily chart, K% line crossing up at oversold level which indicates market likely to have technical rebound. We expect market...
After losing 38% of its value from the top and a wave relationship of 1.618 in wave c to wave a at a 38.2% mark in the presence of a divergence. One has to take a closer look!