BLUE = REGULAR FLAT / EXPENDED FLAT / IRREGULAR FLAT Beware of bear trap if expended/irregular flat in action. RED = TRIANGLE GREEN = TREND REVERSAL Happy Trading!
Assalamualaikum and Hi Traders! For FCPO, i still waiting for a clear signal/ bearish setup to support my idea that wave 5 is started. Lets wait and see what the market has to offer us. Happy trading!
Key Level = 109.199 Key level must hold for preferred count.
FCPO 11.07.2018 Preferred Count: Continue bearish after retracement 1. Lower to complete wave 5. 2. Interesting level around 2300 area for pull back projection. 3. Key level = 2348 must hold for this preferred count. Alternate Count: Wave 5 of C of E completed and bottomed. 1. Wave 5 of C of E (refer to daily chart) has completed as the chart is telling us, we...
Key level = 2348 Key level must hold for this bearish idea
Key level = 2348.00 For this idea, key level will be the invalidation level. There area still possibility that wave 4 still not completed its cycle and expect another top created.
Waiting for wave 4 to complete, looking for bearish setup.
we can see a clear 5 wave structure rising up in impulsive characteristics from 63.57 giving us an idea that probably wave C of 2 is coming to an end soon. Still waiting for a clear evident from market showing wave to has topping. Key level = 72.88 must hold for this counting to remain valid.
Preferred view: Target area for wave 4 cycle completion will be around 2300 - 2320. Alternate view: Trading below 2275 will give a good indication that wave 4 is already in place. Let the market decide. Happy trading guys!
This counting still valid. Lower to complete wave 5 Target area for wave 5 = 1.30000
waiting for opportunity to short with wave 5
Key level = 72.88 must hold for this wave analysis
Still waiting for evidence showing wave 3 has bottomed.
Expecting price to move lower to complete the last wave structure