The price of FCPO may having some adjustment after it climbed above 3000 from 2764. Once again, the price entered multi years supply zone which has been tested 4 times since late Dec 2016.
Diving into smaller picture, the price is developing a potential bearish pattern. The construction of the pattern which developed another bearish harmonic pattern in H1 time...
The price of FCPO climbed above 3000 after it failed to establish the reciprocal head & shoulder from the previous call. Price touched the supply zone (violet box) again. However price rejected and fell to 2800 psychology level.
In a short term view, the price may hovering with a bullish 5-0 harmonic pattern identified supported on the level of 2800. A potential...
The price of fcpo has been fall more than 300 points in the distribution event from the supply zone.
The psychology level of 2800 has been breach as well & a reciprocal harmonic Head & Shoulder identified.
We might witness some volatility of price action in 2700 level in the event of defending the neckline area.
A violation of the neckline could potential...
FCPO now is entering the supply zone once again after climbed more 1000 points after rebounded on May 2020. This zone has been visited 3 times in late 2016, beginning of 2020 and here in present.
A V-Shape accompanied with a bearish harmonic deep crab may witness the upward trend could be stalling. Price action plays the crucial role to determine the price will...
FKLI bounced from 1477 to 1538 which gave a swing ride of 60 points. Initially the 1st projected target profit of the 4 hr TF Bullish Bat has been hit and retrace back south with closing of 1510 on 18/09/2020.
I've been overlook in the lower TF where a bearish harmonic shark pattern formed after the 4 hr bullish bat's target 1 hit and reaction of it which formed...
An identify harmonic bullish bat pattern confluence with the plotted demand zone (light blue box). An early rebound from the D leg of the pattern failed to break the 1st down slope trend line (solid red TL).
The price of 1518 dropped to 1477 and hovering in the plotted demand zone. Price might test the stop level. Preferably price action indicate upwards &...
A bullish 5-0 harmonic pattern has been identified in the H4 TF with oversold strength oscillator indication.
Reversal might happen with an early impulse technical reading to coordinate with the completion of the pattern. Price action to be focus for testing the stop level. This is to anticipate the projection of the valid pattern.
PRZ : 1544
Price of FCPO rose tremendously in the month of July 2020, the price swung from 2562 MYR & broke 2800 MYR with slightly extended to 2808 before retracing back into the upward channel (Green Parallel Line).
On the 12th August, a bullish harmonic Bat pattern formed in hourly TF & swung upward towards the projected TP without testing the stops level. From the last...
FCPO price broke out of ranging between 2475 - 2294 & formed a bearish harmonic pattern in the TF H1. By observing the higher TF chart, the current price which is overvalued indicated by the relative strength oscillator. Potential short term reversal might happen soon.
In order for the price to respect the pattern, the stop level shall be test & might overstretch...
A bullish pattern 5-0 completed. Price might test the stop level. Preferably price action indicate upwards & strength oscillator rebound from the oversold zone before execution to be made.
TP1 : 2413
TP2 : 2428
FCPO completed a bullish Alt Bat pattern in M30 TF. A potential trade in this retracement structure. The oscillator shows rebound from the oversold level as well, I would expect the price to test the stop level.
If the price respect the stop level and heading back into the potential reversal zone (Blue Box), a long for this trade.
PRZ : 2319 -...
XAUUSD has a potential forming a bearish butterfly pattern. The pattern yet to be valid once the price reach 1790.904. The 1800 psychology level might be test before any potential trade to be execute with condition of the price stays within the potential reversal zone (Blue Box).
PRZ: 1802.381 - 1782.194
A bearish Deep Crab formed on the M30 TF. Currently the price is still within the potential reversal zone (Blue Box), it might retest the price of MYR 2352.
Oscillator indicator does not indicate overbought zone yet. We shall wait for overbought indication and the price action behave in the blue box. A sell opportunity once the price rejected out of the blue box...
FCPO has been overbought & completed a bearish shark pattern in the 1 hour time frame. As the current price, which is still hovering in the PRZ (RM 2316 - RM 2230). What I've been looking is awaiting the price to break the dash support TL to go for short.
If the price do respect the projection, i shall pay attention to the 1st Target Price (RM 2096) a...
A bullish butterfly formed in hourly chart (06/04/2020). The price soared & exceed the projected target price 2 to RM 2409.
The price is sliding from RM 2409 & it may re-test the projected HOP level for another entry opportunity in the PRZ.
Entry - RM 2230
HOP - RM 2188
TP1 - RM 2320
TP2 - RM 2376
FGLD spotted a bearish ABCD in monthly TF
PRZ = 220.25
HOP = 232.35
TP1 = 182.80
TP2 = 159.65
A RSI overbought divergence indicated as well. Looking for an entry it the price breaks below the dash trendline
*This is a risky asset due to lack of ready and willing investors or speculators to participate in the asset*
FCPO price has been fallen 862 points from peak of 3150 to 2288 (10/01/2020 - 28/02/2020).
In the daily time frame, a bullish AB=CD pattern has completed in the at the price of 2288 and start climbed to 2383. We expect the price would retest the potential reversal zone at range of 2288 - 2176 to find a support before it's continue rising north again.
FKLI has fallen over 423 points (16th Apr 2018 - 24th Feb 2020)
A bullish bat pattern formed at 1524.00
Currently the price is hover in the PRZ Zone & there is a lower gap between 1515 - 1503. We are waiting for the price moving back upwards and above 1524 then we could looking for a high probability long trade.