FCPO breakout the downtrendlineLooks like a three bullish candle appear for the second trial...
To break the DOWN trendline.
Let's have a cup of coffe, and see their moves.
Fcpo!
Just wait, there is no thing to do instantly with FCPO1!Just wait, there is no thing to do instantly with FCPO1!
It is really just in a trading range
we are looking in next days for an opportunity.
FCPO Profit 400% in 1Week Using 1H 1Muse trendline & support
details of why u entry & mistake u make
FCPO looking lower in near futureAs significant zone broken, FCPO spot month price may look to have stronger bearish trend towards 3000 level.
Possibly in a very near future.
Demo MYX Future Market Watchlist GeneratorThis is demo for MYX Future Market Watchlist Generator.
The process is similar and explain in this video .
I did some mistake during watchlist. Watchlist does not need to be created.
Import directly from file, new watchlist name will appear.
Sorry for inconvenient caused, this video does not contain audio. Thank you.
Direction of FCPO #7So, who is following from the previous chart analysis? We see it together how the price break the channel and make a confirmation of going short. Now we still see market are in bearish. Tomorrow we will see the market rebound or continue going downwards. But all we have to do now is focusing and looking an entry for short. Remember, risk always be there. This is future trade. SL / CL hunter are exist out there.
Direction of FCPO #6BOOM!, This is what we have been waiting for. The price already break the channel / trendline / neckline. So now all the thing we have to find and look is short position. But need to remember there is support nearby. We should have be aware if the price will make strong rebound or it still break the support. See tomorrow on monday!
FCPO Contract Month Watchlist TutorialThese are the steps shown in video to make FCPO Contract Month Watchlist.
1. Open FCPO1! Chart
2. Check latest contract month
3. Open Indicator
4. Search for FCPO Contract Month Table
5. Take note the latest contract month, example X 2022
6. Select X and 2022 from setting
7. Open other live chart
8. Create new watchlist
9. Set Frequency to All
10. Set alert
11. Set condition
12. Clear Alert Name
13. Click Create
14. Export alerts log to a CSV file...
15. Save csv file
16. Open csv with notepad
17. Remove necessary code
18. Save as txt extension
19. Import list
20. Done
I may do other watchlist such as Sharia market, future etc. Thank you.
FCPO - Bearish flag pattern breakoutComment :
1) FCPO is forming a bearish flag pattern in a downtrend since the peak in May 2022. This pattern is expecting a further movement down at the end of the flag.
2) The condition of a bearish flag including associate with descending trading volume during flag is forming. Eventually, FCPO has breakout below the low of the lower channel on 1st Sept.
Support & Resistance:
R : Resistance A
S : Supporting B & 2125
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
Direction of FCPO #5As you guys can see, it is what we predict from previous our chart analysis. It is following the direction that I have been showed. So now lets see either the market can rebound and go up towards the strong resistance ( yellow box ) or it will continue downwards. Besides that, do not neglect that we can see there is a form of pattern have shown which is Head And Shoulder ( HNS ), same goes to this concept, have to break the neckline, and then we can make decision where is the direction of the market. We will see tomorrow to see what market brings to us.
Direction of FCPO #4As we looked at the previous our TA chart. it seems that the market still can't break the resistance. But we will see on Monday, does the market will try to break the resistance or it will break the parallel channel. We have been waiting for market move from outside the parallel channel, so that we can have a better direction on short or long. But even now, we can see that the price can't break through that resistance on orange color that i have draw. the market already try to break the price so many times but still failed. so we are waiting for the price break the parallel channel. then we can have a clear direction.
In a smaller time frame like 5m / 15m / 30m, if the market open and try to break the resistance, wait for the break out. if still can't break the resistance. then can focus short until parallel channel. wait for the break support. and then can continue find setup for short
Remember, always entry with setup. Or else, u are in gambling industry. Happy Trade!
This is what we call "libasan neraka"When it comes to FCPO, Technical Analysis come first, then Fundamental Analysis.
From our previous chart, this is what we have been prepared for. So, we going to see where does the market will go. either moving downwards or upwards. Even drop almost 200+- ticks, yet it is still in the parallel channel. So can't identified yet is it in bullish or bearish
Direction of FCPO #3So now the price are at the confluence, waiting for tomorrow either the market will continue going up or it still can't break that area and make rebound go downwards. We will see tomrrow. only trade what u see and not what u hear. #HTYT
Direction of FCPO #2As the previous chart, we predict the market will rebound at the support. But turns out it break the support already and heading towards to the line channel. From there we can see which direction we can focus. either bear or bull. we can make decision from there. but from now. we can go for short
FKLI TRADING : 331) when fundamental clashes with technical...this is number 331...
As a summary of what had happened in the full-month JUly, the first half was similar to fcpo, which was a downtrend frm 1460 to 1412.50. Then it started to rebound and hit 1480 first, retraced back to 1460 before hitting higher and yesterday reaching 1500 resistance. Technically speaking, fkli-July has shown series of movement which created NSH-HL-NSH which indicated that the trend had reversed into uptrend. Hence, going into August we should aim for "long on retracement"...look for support at 1480 and 1460 and any signs for rebound frm thr like Double-Bttm or stalled bar candles at very tight range...
However, the fundamental speaks differently. With Nancy Pelosi current visit to Taiwan, thr was fear of retaliation action frm the Communist friend(btw, if you dunno who is Pelosi, search google). Everybody is holding their breath right now. Are we at the brink of WW3? nobd is sure of that. Hopefully not. SO, follow up with what is going to happen with the visit and for Malaysia's own news, wait for announcement of General Election or interest rate hike. Fkli is very sensitive to news-event, therefore fundamental such as news and any major events might trigger some selling/buying pressure. When the so-called "bad-news'" has subsided, I would choose on "buy on dip".
higher resistance : 1520-1530
resistance : 1500
immediate support : 1480
lower support/ : 1460
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO still in bearAfter few huge bearish candle, FCPO now at important resistance level.
If this highlighted level is respected, we may see another bearish run towards the monthly trendline.
Around 3500 level
FCPO, buyer loss power?Let see if seller still in control. This analysis for education purposes only.
FCPO to range higherDaily candle at significant level with weekly reversal zone.
Some bullish momentum with the higher WTI oil price and Soybean price.
Palm and crude oil long term bullish? R u sure?! 21/June/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
FCPO - Bear taking breathAfter a series of 8th falling trading days, price of FCPO constructed a short term bullish AB=CD pattern in daily TF. It's been oversold but not in extreme way yet.
Current price is hovering around 5477 (the neck line of a bigger pattern) and may have a small rebound before a continuation.
May focus on the price action along with confirmation of oscillator especially the neck line region for a the 1st TP of 6070. If the price manage to piercing thru the red dash trendline, the 2nd TP would be 6512.
-Signing Out-
FCPO - A Larger Picture of this bearish moveAfter a few bearish days, I turn to the larger timeframe for a larger picture of the price / trend .
Bearish move this week crossed the Weekly trendline with strong momentum.
I see price continue moving slowly in the next few weeks before another bearish run towards the 4500 level.
Consider this as the leg 1 of its bearish move, it created a lower low. And then rebalance for a few candles before another huge candle.
Estimated price to reach target at reversal zone around: Aug - Oct this year.
If you liked this idea or if you have your own idea about it, please do not hesitate to write in the comments.
Thank you
FCPO view AS per the charts - the FCPO contract is expected to take a support at 5050-5100 and then bounce to 5900-6000 before falling down to 4100 leves
