FCPO Possible MovementThis is possible FCPO movement using fibonacci extension and support & resistance.
FUPO1! trade ideas
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. =)
FCPO TRADING : 292)at the crossroadthis is haidojo and the number is 292 ...
First of all, my apology for the delayed episode...heavy duty...
after a full-raged bear tore down fcpo on 14th June last month, fcpo-sept has been slowly and gradually step up..till now...right at the crossroad...
IF fcpo-sept emerges higher than the current resistance ranging frm 3880-3950,THEN higher-high is formed...and a new uptrend is formed...
bullish rotation is said to be formed...
IF the challenge to retest the this resistance fails, THEN it goes back to the previous downtrend...
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 : 4073-4200
resistance : 3880-3950
immediate support : 3874-3880
lower support : 3300
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!
Bullish 5-0 for Crude Palm OilHello guys, it has been awhile since my last published. For the not-so medium run.... this is what i have found.
1. Bullish 5-0 harmonic pattern which indicates the probability of the price to go as what i have plotted with the arrow.
So they are many decisions here to make. Either to wait at the above or to wait at the bottom or....... to buy on breakout or sell on breakout.
Hope this idea at least helps you to get some ideas on your own trade. But please, do your own analysis before anything.
This is not sell/buy signal, just an idea and please trade at your own risk.
All the best !
