Main interest is still to the upper side to complete wave C of 2. On a lower time frame, we currently looking for a pullback of wave 2 before market enter wave 3. p/s - counter trend trading is a risky business :D Happy trading
The main projection still to the upper side to complete wave C.
Working on the idea of sharp correction for wave 2.
Key Level = 1940 From our previous analysis: “Expecting a 3-structure movement in corrective fashion to complete correction wave (ii) from my personal opinion, I would like to see the end of wave (ii) at the area of 2093 – 2026” Wave (ii) unfold into zig-zag pattern and we can see a clear 5-structure movement for wave C toward our target area. With the idea of...
Key Level: 387’6 I’m working on the idea of triangle wave (B) complete and wave (C) is developing into 5 wave motive structure. By using Elliot rule of “WAVE 2 never retrace 100% of wave 1”, we can establish an invalidation level that served as our key level of this analysis. If wave (B) complete, corn has no business to go above 387’8 level and I’m looking...
Working on the idea of wave 5 diagonal triangle in corn weekly chart
Key level: 1082’4 Soybean market has been in sleeping mode since JULY 2018. Uptrend sideways movement that clearly develop into triangle pattern add support to our wave count that soybean are currently in wave (4) phase. By using Elliott rule of “WAVE 4 never enters the price territory of wave 1 and 2”, we can establish a strong invalidation level of 1082’4...
FCPO Daily Chart Key Level : 2344, 1940 Price rising from 1940 - 2344 in motive 5 wave structure add support to the idea of wave C of E in weekly chart triangle is completed (Scenario #1) Expecting a 3 structure movement in corrective fashion to complete correction wave (ii) from my personal opinion, i would like to see the end of wave (ii) at the area of 2093...
Key Level: 2303 We can clearly see movement of price in a motive manner. Breaching 2 important level, 1) Correction Channel and 2) 2197 level, add support the idea that wave 4 has already topped at 2303. Breaking below 2197 has cancel the 5 structure uptrend movement for wave C of Y, hence limiting the movement to 3 structure wave = correction wave. 2303 serve...
Still waiting for evidence that wave 4 has topped at the 50% level of wave 3.
Assalamualaikum & Hai to all my trader friend. ZS Soybeans will be in my watch list from now. Sharing my trading idea for this market. Expecting price to move lower to complete the last leg for this motive sequence.