ArifHasbollah

ArifHasbollah

Price retrace to 786 level so far and expected to test fibo 236 level.. IF this level is sustain.. possible Bullish Cypher formation

ArifHasbollah Updated 

Price break uptrend channel back. There is the possibility of a market sideway or downtrend. Price still respects the downtrend channel so far. However, the price still did not break the previous trading range although we saw the Sign of Weakness in the price. Price below EMA50. Trading Plan : 1. Sell: If the price still respects the downtrend channel and...

ArifHasbollah Updated 

Price still in the lower channel and sustained above RbS. If the price breaks the channel, possibly a larger sideways within the 4249~4500 area. Today plan : Bias long.. #FCPO #FCPOmalaysia #FCPODaily #FCPOtrader

ArifHasbollah Updated 

Yesterday price reject btm channel and broke up DTL + EMA50 and sustained above it. This schematic might be JAC. = Uptrend Today expectation : 1. Let's monitor the 4242 resistance level. If the price sustains above this level, consider it as LPS. 2. If supply is coming in and bringing back down into the range, possible UTAD formation for distribution. 5min view...

ArifHasbollah

Yesterday, the price formed a creek/ICE formation with SW price before going down to test btm channel. Today : 1. We expect price reaction at the bottom channel. It's already been tested multiple times. Expected to be a bit chaotic today. 2. If the price is not able to break DTL, possible spring/shakeout to break the bottom channel and price back up again into...

ArifHasbollah Updated 

1. Yesterday price able to break mid channel, however, afternoon session price backup again to test mid channel. Expectation today : 1. Price still in a consolidation phase. High chance to form a creek or ICE formation before next step. Trading plan today : 1. Trade in Sideway. Sell high, buy low..

ArifHasbollah Updated 

Last week : 1. Price retest again the UT level at the same supply zone level before going back down again. 2. Price stop at EMA50 30min and Mid channel 3. SBO continues a downtrend after the FCPO market close down almost 2.45%. Expectation : 1. We expect CPO to follow the SBO gap down to 2.4%. 2. Price will break mid-channel and possibly lower channel. 3. When...

ArifHasbollah Updated 

Yesterday price not able to break mid channel and rebound higher to test the last supply zone. Today, 1. Price backdown again inside the TR to confirm UT formation. 2. If sustain inside the TR, possible to go lower TR. Any possible spring/SoW still in view

ArifHasbollah Updated 

Yesterday : 1. As expected, price test nearest resistance before going down to test EMA50 30min. 2. Night session price back up again and we notice the volume is diminishing. 3. Notice BCX and AR before ST forming last night's session. 4. Trading in range before UT/UTAD or Spring appears. 5min : 1. MS : sideway structure 2. EMA : EMA12 above EMA50 = uptrend 3....

ArifHasbollah Updated 

1. Yesterday price failed multiple times to break 236 fibo level. However price to able to reach down to 786 fibo level. Buyer and seller are still strong. We can expect price sideway. 2. 15min TF, price already breach EMA50. 30min TF, price still not test EMA50. We expect the price will test it sooner. 3. Channel uptrend is still holding up. Mid channel tested...

ArifHasbollah Updated 

1. So far price still uptrend movement in the channel. 2. Price still test EMA50 15min. Expect sideway movement to form reaccumulation or distribution pattern. 5min : 1. Price breakdown EMA50 multiple times but back up again = Strong buyer still have upperhand 2. EMA12 still above EMA50 = uptrend

ArifHasbollah

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...

ArifHasbollah

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,...

ArifHasbollah

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

ArifHasbollah Updated 

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...

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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

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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...

ArifHasbollah

SBO making a downtrend movement since Nov 2022. Based on EW rules.. price now should make Wave 5. Target to nearest support + Fibo extension 0.618. Another 2.8% movement. If we use this data for FCPO, there will be another around 100tick price to go down.