Major reversal or retracement pattern (Contract Oct 2022)Pattern shown reversal or retracement start at 2nd attempt where the candles started to cross MA lines.
CPO1! trade ideas
Potential on SWsHi All!
SWs means potential going long or short!
SWs also shows price up and down and doing consolidation to find the final directions, commodity trade is full of observations and external factors such as politics and world economy will directly affected.
Today? We target LONG!!!!1 Gud Luck!!!!
Moon Phase with CPOAn interesting phenomena should interest CPO traders when Full moon in yellow provides more a buy opportunity and New moon in blue selling .
Eyeball the historical event and you should see a high percentage of it happening +-1 to 2 days to the moon phase.
One can work on the shorter time frame to get into trades using ones own methodology.
Traders who are familiar with Delta Phenomena could give light to the inversion period.
Bullish for Malaysian Crude Palm Oil Hello there. This is what i found in the harmonic trading perspective in a close up market.
1. Bullish harmonic pattern which indicates the sign of reversal in opposite.
2. Expectation of price to do reversal in the area of RM4286-RM4577
Worst case scenario, it will move downwards up to RM3000-RM3600.
In addition, let me add up some "spices"
When the harmonic traders decided to make a decision within the extraction of reversal area. They must also decide to put their "optimal price" as their backup plan to avoid losing all of their money.
Which is im going to share with you guys of how harmonic trading could help us by making a complete decision(EP,TP,SL)
And also, always remember that the market doesn't favor with your decision as well all the time. So trade safe & control the risk.
This is just an idea for you to analyze. Please stay safe, control your capital & trade at your own risk.
FCPO TRADING : 330) bracketing market this is haidojo and the number is 330...
First half of July month, it was a downtrend. Frm the low of 3500, it rebounded to the 1st high at 4080, then another round of selling to hit 3636-3700, another rebound came and hit higher at 4310 at the end of JUly, which is exactly the same high as the previous high at 4300...now, we wait for breakout of either side to confirm the trend...IF it breaks abv the high of 4300 and creates higher-high, THEN new uptrend has emerged. IF it falls below the current support of 3600-3700, THEN the price will fall further and recent rebound is a false alarm.
**plan your trade and trade your plan... gud luck**
resistance : 4240-4340
current support : 3500-3600
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options 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 …this is not a signal service channel and DON'T TREAT IT LIKE ONE!
TRADE AT YOUR OWN RISK!
fcpo afgain bullish reversal fcpo agaian bullish reversal
doubel bottom patterns define a price area markete will go back 3737 price
target 5000 rm
FCPO1! | Taking SHORT PositionI am taking Short position in FCPO1! on the basis of Candlestick Patterns, Harmonic patterns and Fibonacci Retracement.
Futures Crude Palm Oil to Drop at the price area of RM3000Hello guys, this is what i found for the continuation counting from my previous post.
A running triangle appeared in wave 4 of wave C.
We were expecting the price to go beyond wave 5 in the area of RM3069 (to complete wave C)
Well, i could be wrong but luckily my expectation of alternate wave in wave 4 did happened.
This is just for knowledge & educational purposes. Please trade at your own risk.
FCPO 26 July 2022Sellers are still holding strong but Dalian currently moving strong upward.
A big gap up at 1030am might force affected Sellers to close their position and drive the market higher.
FCPO - Another interesting setup???Interestingly a 0.786 wave relation provided another 500+ points rally and falling into a static cycle low with divergences and approach to wave 4 of a lesser degree should grab some attention. 3 years cycle into 2023 still looks quite alive and kicking...don't you think??
plam oil trdaing bellow sopt lineplam oil breking trend line. now in short trem this gap is goin to fill if palm oil trading below 4076
FCPO bullish for a while nowLast week closed at significant zone. Monthly trendline. Today open as change month candle push the price towards bullish as well.
Target may be around 4050 - 4100
Now ??? are we there yet?The first confluence at 4500 did not materialize after about a 500 point rally. We are at another confluence and at a seasonal low zone.....What are the odds???
FCPO : Back test AKM 2 + Fibo Retracement ...continuedthisis second part of the afternoon session due to limited recording period. Yiihaaaa....!
FCPO : AKM 2 (HMA 50, MACD & W Fractal 2) + Fibo RetracementBack test 8th July afternoon session FCPO AKM 2 Method + Fibo Retracement. Yihaaaa....!!!
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 AP TF15mHi guys,
just my 2 cents of garph sketching..
normally price follow the market structure.. then AP will follow it arccodingly
then it will pullback at median line..
jsut like yesterday
FCPO 5 Min TF Short Term Triangle PossibilityFCPO 5 Min TF Short Term Triangle Possibility.
It may however retest the low. Provided it is not broken, it should move swiftly up from then on.
FCPO TRADING : 328) a possible short rebound? this is haidojo and the number is 328 ...
A brief review of the whole June month, we could see that fcpo-Aug22 and fcpo-Sept22 were faced with a great fall or a heavy rollover all-the-way down frm RM6k ++ till yesterday, when the price had fallen below the RM4k borderline, a full 2000-pts ++ drop, marking the end of the era of RM4k, which started way back in July 2021, last year. As the hyperinflation has reared its ugly head again and threatening the whole economy of the planet, Bank Negara Malaysia (BNM) had made a drastic decision last night, by increasing the interest rate to 25 basis. Fcpo-sept22 hit the bottom at 3740 on 6th July 2022 after the announcement of hike in opr (overnight policy rate) by 25 basis to currently 2.25% by BNM, and most of the economists are expecting another increase of interest rate is imminent in September this year. So, folks, fasten your seat belts and ready for the roller-coaster ride!
As what is happening today, fcpo-sept22 is heading for a rebound and it is difficult to judge whether the rebound is authentic or juz a false one, which is well-known as the fake "bull-trap". Also, as I have seen most traders are putting their analysis on the boards, so I wanto put mine too...(hehe, juz "busy-body").
Here is what I think might happen or somethg to watch out. fcpo-sept22 will face first wave of selling at the resistance level at 4180 and if it falls frm here onwards, then we have bear confirmed...and no second thought on that. However, if it still seeks to rebound further passing that 1st resistance level at 4180, then we shall see some heavier sellers at the range of 4380-4480 , the higher resistance level and also the critical ones, since if the price shoots higher frm this, THEN we might have a reversal..."bullish rotation" is said to be happening and we might wanto turn into buying/long. Till then, if the price is ransacked here and pull down making a rollover all the way down, THEN we shall still see it as a temporary rebound and BEAR still wins.
There is a bit of information overload today. Hence, you might want to get a hard look at this for a gud sense. That's all for the update today.
**plan your trade and trade your plan... gud luck**
overhead resistance : 4074-4100 (happening now? wtf?)
resistance : 4180 (my expectation of 1st wave selling)
higher resistance : 4380-4480 (critical resistance, deciding Bull/Bear)
current support : 3880
lower support : 3480
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options 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… this is not a signal service channel and DON'T TREAT IT LIKE ONE!
TRADE AT YOUR OWN RISK!
FCPO 5Min TF Possible break of ascending triangleFCPO 5Min TF Possible break of ascending triangle.
Normally a triangle will break out of its flat side.
FCPO Andrew Pitsfork TF15mJust my 2cents
Normally AP follow the market structure then its must keep updated to find more accurate
