ABC zig zag retracement
EP - Price close equal/above 0.275 at 1 hr TF
CL - Price close below 0.260 at 1 hr TF
TP - 0.31 or 0.355
Monitor crude palm oil price :
EP only if price moves above or towards RM3000
Starting new cycle.
Impulse 5 wave and Corrective ABC completed. - See 1 day time frame on the right.
Possibility of ABC or impulse 5 wave.
Now either at the start of wave C or Wave 3.
Looks more like ABC Zig Zag
TP 1 : 61.8% of wave C @ 0.34
TP2 : 100% of Wave C @ 0.38
Or TP when there is clear 5 waves of C completed
EP : When price breaks...