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Fcpo

FCPO. WE GOT AN IMPULSIVE MOVEMENT!Key level = 2184 Critical level = 2095 Expectation: Working on the idea of wave (3) of ((3)) for FCPO market, we are hoping to see price rally toward 2235-2260 area to complete the first sequence of motive wave before entering corrective pullback. As for now, on one significant timeframe lower, we can only see a three-structure development. By using the Elliott Wave Rule # 3, “WAVE 4 CAN NEVER ENTER THE PRICE TERRITORY OF WAVE 1 AND 2” , our key level is set at 2184 for the sub-wave development. Reality: Let the market decide. Hanya Allah yang memberi. Happy trading.
MYX:FCPO1!Long
by pengiran-
FCPO. WAVE (2) BOTTOMED?Key level = 2193 Critical level = 2095 A very sharp movement today on afternoon trading session toward 2177 area is a good sign that wave (2) already in place. Looking for an impulsive 5 structure movement toward 2235-2260 area to strengthen the idea that wave (3) is unfold. If wave (3) already started, price has no business under 2193 area. By following Elliott Wave rule #1 “Wave 2 cannot retrace more than 100% of wave 1”, our key level for this analysis is at 2193 and critical level is set at 2095. Key level must hold for this intermediate wave forecast and critical level must hold for a higher degree validity. Breaking below critical level @ 2095 will cancel this wave analysis. Brace yourself and keep focus, wave 3 is coming! Let’s hope for the best!. Hanya Allah yang memberi. Happy trading.
MYX:FCPO1!Long
by pengiran-
FCPO WAVE 2 CORRECTION PROGRESSKey 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 diagonal triangle wave (5) to end wave C and (ii), there are still left some room for throw-over below 2100 area. Expecting a sharp movement toward 2217 if everything goes according to plan. Our key level is set at 1940, which is the starting point of wave 1 and as per Elliott rules “Wave 2 never retrace more than 100% of wave 1”. This wave analysis remains valid as long as our key level hold. Let’s see what the market will offer us this week. Happy Trading.
MYX:FCPO1!Long
by pengiran-
4 MARCH 2019: FCPO Daily Chart AnalysisFCPO 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 - 2026 (Scenario #2) Most probably wave (ii) is already in place if price move upward and break above 2344 key level Lets see what the market will offer us today Happy trading
MYX:FCPO1!Short
by pengiran-
FCPO: Hourly EW Count - Dec 12th 2018Recent bullish momentum was short lived after FCPO failed to break the 2055 - 2060 zone. As of now, FCPO seems to trade within a contracting triangle. Our primary projection of an expanded triangle looks bleak, but valid nonetheless. With no fundamental element to entice market to climb higher, the last bullish leg (wave c of (e)) of the expanding triangle is likely to develop under the pretext of contract roll over. It holds true, if and only if, FCPO is traded until the end of this week within the range, bound by the upper and lower lines of the converging triangle. That being said, it is essentially important to note that a symmetrical contracting triangle is a continuation pattern, so a strong bearish momentum can fully develop right off the bat. We will take a closer look at the following area as market unfolds. 1965 - 1970 #analysis #12Dec18
MYX:FCPO1!
by eches
FCPO: Hourly EW Count - Nov 30th 2018An expanding triangle is anticipated. Price needs to travel beyond the 2078 price level to ascertain triangle formation. Wave c of (e) is likely to terminate between 2110 - 2125. Any strong violation of EW invalidation level @ 2137 could suggest the next major downtrend may be limited to a certain extent. Market is then expected to embark on another (probably final) journey further down south. With the burgeoning stockpile and lack of demand, it is interesting to see how market reacts at the weekly demand zone between 1863 - 1943. #analysis #30Nov18
MYX:FCPO1!
by eches