03/08/2021 FCPO ELLIOTT WAVE ANALYSISAssalamualaikum and hi Traders!
As for now, there is no sign of bottom for the downward movement on yesterday session.
I'll stick with the bear for now until the end when it bends.
Retracement or a beginning of a new trend?
I don't know. Let the market decide.
Embrace the probability
Trading is a business based on probability.
Never certainty.
Happy Trading
pengiran-
Pengiran
FCPO. BE HAPPY IF YOU SEE A TRIANGLE PATTERN ON CHARTbreaking the key level from previous analysis is a clear signal that wave 4 still developing.
Possibility of wave to form a triangle correction, expecting price will move in 3 structure for wave d.
What come next after triangle? hehe. be happy if you see a triangle pattern on chart
Downward is still the path of least resistance.