FCPO finding bottom & Timeframe phase via Gann Fan & Elliot Wave

6 May 2020

Testing Gann Fan theory to Futures Crude Palm Oil (FCPO) current outlook, positioning within 1930 support line as well a married with Fiboanacci Sequence and Elliot Wave theory to find the bottom.

Breaking the crucial support would mean the worst possible position since post GFC 2008.

14 May 2020

Not

Looking good for rebound prospect, downtrend line have to be broken first to confirm, and best confirm when it breaks the Gann 1/1 line.

19 May 2020

Not

Gann 1/2 broken, downtrend is done for now, support price achieved & confirmed.