KEY LEVEL = 336.1 And so it begin, wave 3 that we all waiting for. The attention is now focus to the downside. For this wave 3 idea, the price shouldn't and have no business to go beyond our key level.
Another point of view for FCPO. Expended Flat with expending diagonal triangle wave c.
breaking 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.
KEY LEVEL = 341.5 Im working on 1-2 wave setup for ZM, Expecting a declining in price to complete wave 5
Key level = 2233 Expecting price to start declining in motive pattern to the 2088 area for wave 5. If wave 4 already complete, then the price has no business to go above key level at 2233. Trading below 2176 add support to the idea that wave 4 has topped. Happy Trading!
Key level = 2176 Expended Flat in action. Key level must hold for this short term bullish idea.
Soybean meal. Momentum still to the down side. waiting for wave 4 to complete.
Its already been one month since ZM in correction mode. Maybe its time to wake up?? Expecting wave 4 will end soon in near future Hai ZM! my new best friend :D I will follow you rapat rapat!
Prefer View: Expecting bounce in price this week before going lower for last leg of wave 5 Alt View: Wave E of triangle (weekly TF) completed, trend reversal begin. breaking 2348 level in rising 5 wave structure will support the idea of trend reversal.
FCPO 26.07.2018 What is a 'Bear Trap' A bear trap is a false signal as the market create new extreme, in bear trap case, the market create new lower low. A bear trap prompts traders to place sell short positions as they are expecting the market to continue moving downward after the breakout of previous lower low. From Elliott Wave perspective, bull/bear trap...
Assalamualaikum & Hi Traders! Key level = 75.27 We are tracking a recognizable setup of wave 3 on crude oil. Bounce in price for wave (2) is already at 50% fibonacci level compare to wave (1) (declining impulsive movement from 75.27). Breaking 67.80 will give us indication that wave (2) is already in place. As for now, my personal view is bias to the downside...
BLUE = REGULAR FLAT / EXPENDED FLAT / IRREGULAR FLAT Beware of bear trap if expended/irregular flat in action. RED = TRIANGLE GREEN = TREND REVERSAL Happy Trading!
Assalamualaikum and Hi Traders! For FCPO, i still waiting for a clear signal/ bearish setup to support my idea that wave 5 is started. Lets wait and see what the market has to offer us. Happy trading!
Key Level = 109.199 Key level must hold for preferred count.