FCPO AUG 2021 : Expended Flat Pattern
Updated
FCPO AUG 2021
Quick update on my trading setup for FCPO Aug 21 contract.
We found a recognizable pattern on chart, Expended Flat wave 4.
Looking for short selling opportunity with impusle movement of wave C.
Validation level for this idea is the extreme top or previous higher high, breaking this level, will go with diagonal triangle idea.
Quick update on my trading setup for FCPO Aug 21 contract.
We found a recognizable pattern on chart, Expended Flat wave 4.
Looking for short selling opportunity with impusle movement of wave C.
Validation level for this idea is the extreme top or previous higher high, breaking this level, will go with diagonal triangle idea.
Note
s3.tradingview.com/snapshots/d/DX0beYzZ.pngFCPO AUG 2021 CONTRACT
KEY LEVEL = 3913,4166
CRITICAL LEVEL = 4468
09.06.2021
Expecting wave C of 2 toward 4336 area if price move above our key level 4166.
Breaking below 3913 and 3852 will strengthen the idea of wave 3 is in play.
My personal opinion, as long price is below our critical level 4468, the force is strong with the bear.
Embrace probabilities: Trading is all about probability, never certainty.
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