FCPO ShortShort in mind. FCPO will change direction if price make new structure outside channel. Multi timeframe trend strength (30 minutes, 1 hour and 4 hours) look seller in control.
FEPO1! trade ideas
FCPO - October 2021 - Mapping - 29/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
FCPO STARTS TO BEARRecently forming a double top formation and shows a downtrend right after. Already forming a peak after the double top and likely to proceed bearish trend in the following days. Fibo retracement 61.8% was broken from the latest candle.
FCPO - October 2021 - Mapping - 28/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
DAILY FCPO COMMENTARYComments:
FCPO had reached our 1st and 2nd uptrend target. FCPO might have small retracement toward 4340 level. However, the underlines trend remains UP .
Our preference:
LONG positions above 4340 level with targets at 4532 resistance level .
Alternative scenario:
A close below 4040 support level look for further downside with 3852 as target.
FCPO Crude Palm Oil FuturesMy view on FCPO;
1) Price is to rally higher to the next Resistance level
2) Price is expecting to do a bullish reversal at the 0.5 fibo level which also respecting the previous resistance turn support level
Will enter into a position when price reaching 0.5 fibo and make a higher high. Targetting 170 to 175 ticks.
FCPO TRADING : 294)retest the previous highthis is haidojo and the number is 294 ...
after the recent rally, bull has its grip back. Till yesterday, it has gone back to the previous level at 4400...
so the next level we are looking at is, the previous high in mid-may 2021, and also the highest price ever in fcpo since 2008...4430-4525
if it falls back for consolidation, we shall see some support ranging frm 4200-4300...
that's all for tdy ...if u are frm malaysia, be safe, stay at home...
*plan your trade and trade your plan... gud luck*
higher resistance : 4430-4525(the record high)
immediate support : 4200-4300
lower support : 4050
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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… trade at your own risk!
DAILY FCPO COMMENTARYComments:
FCPO had hits our 1st uptrend at 4260. There might have small retracement at 4260 level. However, FCPO remain UP trend if FCPO can stay above 4040 level.
Our preference:
LONG positions above 4260 level with targets at 4437 resistance level .
Alternative scenario:
A close below 4040 support level look for further downside with 3852 as target.
FCPO to formed corrective wave ?Hello there, it has been awhile since my last update. From what I have been analyzed in this market, this is my dummies & 2cents that I found in the EW's perspective for FCPO
A few weeks ago, we can see the market had passed the 5th wave of impulsive and now most likely it has been entering the correction wave.
This is the guidelines as the support for my studies ;
A. IMPULSE WAVE
1. Alternation
- Wave 2 Expanded Flat (Sideways)
- Wave 4 Simple Zigzag (Sharp)
2. Equality
- Wave 3 is extended, hence wave 1 & 5 is equally +-
B. CORRECTIVE WAVE
1. Alternation
- Since the first wave A is a simple zigzag,
most likely the B wave will be having the complex zigzag
=======================================
Well, ofcourse we will let the price reaction to react first as the confirmation for the studies. Too much probability to be told as you know, the rule is a bit complicated for the counting. Let's see either the wave will be in the regular,expanded or running flat later....
This is only for my own studies and would like to share to you guys plus to practice & sharpen wave counting skills for my upcoming CEWA LVL2.
Please, do trade at your own risk & this idea is not a buy/sell call for you.
Leave your thoughts & comments here.
21/07/2021 FCPO ELLIOTT WAVE ANALYSISAssalamualaikum and Hi traders!
Working on the idea of extension wave 5 of 5.
Expecting another high to complete the extension wave 5 of 5.
Price objective is set at 1.618 level.
Happy trading!
FCPO - October 2021 - Mapping - 22/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
DAILY FCPO COMMENTARYThe immediate trend remains UP with strong support zone at 4040.
Our preference:
LONG positions above 4040 level with targets at 4260 and 4437 resistance level .
Alternative scenario:
A close below 4040 support level look for further downside with 3852 as target.
FCPO Crude Palm Oil October 2021 ContractMy view of FCPO for this week. Buying pressure is decreasing and will be looking to consider re-purchase at the 3880 levels. As of now, I am going for Short. Good Luck.
FCPO - October 2021 - Mapping - 21/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
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-
FCPO - October 2021 - Mapping - 19/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
DAILY FCPO COMMENTARYThe immediate trend remains UP with strong support zone at 4040.
Our preference:
LONG positions above 4040 level with targets at 4260 and 4437 resistance level .
Alternative scenario:
A close below 4040 support level look for further downside with 3852 as target.
FCPO Crude Palm Oil October 2021 ContractPrice is currently in consolidation. We will look for a possible breakout either up or down. We will see.
FCPOFCPO still in bearish mode. Those trades who are looking for long may consider enter LONG trade on retracement.
1st Support level: 4,019
1st Resistance level: 4,260
1st Resistance level: 4,437
FCPO - SEPT21 - Mapping - 14/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
Crude Palm Oil (FCPO Futures)Recent price (1HR) has managed to close above the resistance area. 15 minutes before market closed, price has made a bullish reversal in 5 minute time-frame. My target is 140 ticks above till the next resistance level. Good luck.
