Analysis of FCPOG2025 – Palatau PerspectiveCurrent price action suggests that FCPOG2025 is navigating through the Accumulation Phase, as outlined in the Wyckoff methodology. Key schematic events are marked on the chart to provide clarity.
1. Wyckoff Schematic Overview:
The sequence begins with the Selling Climax (SC) and progresses through a Spring/Shakeout (ST) phase, followed by an Automatic Rally (AR).
Recently, the price tested an Upthrust (UT) but failed to sustain momentum above the key resistance level of 4961, signaling potential bearish continuation.
2. Anticipated Price Movement:
With the failure at the UT, the price seems inclined to seek lower levels. A plausible downside target is the nearest support around 4799, where buyers may step in.
3. Entry Strategy:
To capitalize on this movement, traders should identify a Local Trading Range (LTR) on the lower timeframes to refine entry points. This approach helps minimize stop loss levels while optimizing risk-reward.
Another entry opportunity may present itself during a Last Point of Supply (LPSY) event, should the price exhibit a bearish rejection at a resistance level.
4. Risk Management:
As with all trades, position sizing and margin management are critical. Carefully monitor price action, especially in the identified trading ranges, to avoid excessive drawdowns.
5. Profit Target and Stop Loss:
Profit Target: Around 4799, aligning with the identified support level.
Stop Loss: Placed just above the recent highest UT zone (5093) or the new resistance formed within the LTR, depending on your entry point.
Disclaimer:
This analysis represents a personal trading idea based on the Wyckoff methodology and is shared for educational purposes only. It is not a guarantee of future performance, and trading always involves risk. Please perform your own research and consult a financial professional before making any trading decisions. Always trade responsibly and within your risk tolerance.
