1) Prediction of a decrease in FCPO prices for the May contract.
2) Identification of resistance zones as the main reason for the downward prediction, including:
-Trendline now acting as resistance.
-Fibonacci retracement levels (78.60%, 1.236) and extensions (161.8).
3) The presence of a QM pattern, indicating a possible trend reversal.
2) Identification of resistance zones as the main reason for the downward prediction, including:
-Trendline now acting as resistance.
-Fibonacci retracement levels (78.60%, 1.236) and extensions (161.8).
3) The presence of a QM pattern, indicating a possible trend reversal.