Malaysian Crude Palm Oil Futures to expect falls below RM3800
Hello there, it's been awhile since my last published. My apologies for not being actively in publishing the idea like i did before in 2020. Hope you guys are doing good.
Anyways just to update to you guys, im curently studying & practicing Elliot Wave from EWI (google it) since feb 2021. Was a candidate of CEWA examination LVL1 and right now im looking forward for LVL2&3 examinations & highly dedicated to get my CEWA-M to be the first one in Malaysia(May God wills). And ofcourse ! to contribute back to the society.
Okay, lets take a look in FCPO.
Based on what i have seen & following the FCPO movement since middle of jan 2022, this is what i found;
1. The current movement is in the Corrective Mode or inside the primary wave.
2. Apart from that, A & B wave have been terminated and right now are moving in C direction.
3. When we take a look in the extensions of wave 3 (intermediate), are moving in the guidelines in what we called as "Channeling"
- we can see in wave 4(minor), the price slightly move beyond the channel trendline.
- Based on the guidelines, we are expecting wave 5(minor) will terminates beyond the trendline channel below in what we called as "throw over"
- When the fifth minor terminates, then we can concluded wave 3(intermediate) will also terminates.
The next wave 4 in Intermediate Wave
1. We were expecting the movement will be in alternate waves (Well, the harmonic traders love that so much ! Cause it is the time to maximize our profits through up-side-down of the price)
To conclude, we can say FCPO has the ability to moves downwards and next... in the flat(sideways) direction for a while before beginning the new bullish wave in motive primary.
I could be wrong. But please just use it as an idea for you to analyze the market.
Stay safe, save cash & trade at your own risk.
Anyways just to update to you guys, im curently studying & practicing Elliot Wave from EWI (google it) since feb 2021. Was a candidate of CEWA examination LVL1 and right now im looking forward for LVL2&3 examinations & highly dedicated to get my CEWA-M to be the first one in Malaysia(May God wills). And ofcourse ! to contribute back to the society.
Okay, lets take a look in FCPO.
Based on what i have seen & following the FCPO movement since middle of jan 2022, this is what i found;
1. The current movement is in the Corrective Mode or inside the primary wave.
2. Apart from that, A & B wave have been terminated and right now are moving in C direction.
3. When we take a look in the extensions of wave 3 (intermediate), are moving in the guidelines in what we called as "Channeling"
- we can see in wave 4(minor), the price slightly move beyond the channel trendline.
- Based on the guidelines, we are expecting wave 5(minor) will terminates beyond the trendline channel below in what we called as "throw over"
- When the fifth minor terminates, then we can concluded wave 3(intermediate) will also terminates.
The next wave 4 in Intermediate Wave
1. We were expecting the movement will be in alternate waves (Well, the harmonic traders love that so much ! Cause it is the time to maximize our profits through up-side-down of the price)
To conclude, we can say FCPO has the ability to moves downwards and next... in the flat(sideways) direction for a while before beginning the new bullish wave in motive primary.
I could be wrong. But please just use it as an idea for you to analyze the market.
Stay safe, save cash & trade at your own risk.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.