FUPO1! trade ideas
July21: FCPO (Daily) - Wide Range, Sideways Up...🐮📈Maintain sideways view, price continued rallying on weak volume, reached prev R@ 406x-418x area.
Expect some retracement upon violating steep UTL, price may find support near S zone.
Major S&R zone
R1: 406x-418x
Major R2: ~4.4k
S1: 366x-386x
Major S2: 3.2-3.4k
Looking for swing long on retrace. Maintaining longer holding period positions lately due to lack of monitoring time.
Lesser posts here, due to TV deleting some of my posts (😤). I still post more in my own public channel. :)
Happy Hunting! 🚀
-JK-
13/07/2021 FCPO ELLIOTT WAVE ANALYSISAsslamualaikum and Good morning Traders!
As for now, im bias to the bull side as long as price is above 3819.
Please refer to my "stream" for detail explanation of today analysis.(audio = bahasa melayu).
As for my trading plan, still waiting for a clear trading setup before consider to enter the market.
Clarity is the key for successful trading.
Happy Trading.
09/07/2021 FCPO ELLIOTT WAVE ANALYSISTRADING CONTRACT: SEPT(U) 2021
KEY LEVEL = 3838, 3711
CRITICAL LEVEL = 3499
Working on the idea that wave 4 is already in place and looking for an impulsive movement toward 3978. Trading above 3838 will strengthen the idea.
As for today, we will monitor our 3711 key level serve as validation of the idea that wave 4 is already in place.
OUR CRITICAL LEVEL IS BASED ON ELLIOTT RULES THAT WAVE 4 CAN NEVER ENTER WAVE 1 PRICE TERRITORY.
I AM A GOOD TRADER - You only need one affirmation and this is it. Read these words every day until you don't have to read them anymore. =)
07/07/2021 FCPO ELLIOTT WAVE ANALYSISFCPO, WAVE 3 COMPLETE?
TRADING CONTRACT: SEPT(U) 2021
KEY LEVEL = 3978
CRITICAL LEVEL = 3499
10.06.2021
Trading below 3978 would signal us that wave 3 is complete.
If wave 3 topped, expecting a for sharp correction of wave 4 toward 38.2% area.
As for today, we will monitor 3978 key level, trading above this level will cancel the idea that wave 3 is in place. price movement below our critical level of 3499 will cancel this setup and we will label the chart using corrective sequence. (Switch over to alternate count if this happened)
OUR CRITICAL LEVEL IS BASED ON ELLIOTT RULES THAT WAVE 4 CAN NEVER ENTER WAVE 1 PRICE TERRITORY.
Beware of possible huge gap down on opening, please refer to other commodities chart.
ZL – Soybean Oil
ZS – Soybean
ZM- Soybean Meal
ZC
I AM A GOOD TRADER - You only need one affirmation and this is it. Read these words every day until you don't have to read them anymore. =)