Crude Palm Oil Futures
Short
Updated

4 MARCH 2019: FCPO Daily Chart Analysis

216
FCPO Daily Chart

Key Level : 2344, 1940

Price rising from 1940 - 2344 in motive 5 wave structure add support to the idea of wave C of E in weekly chart triangle is completed

(Scenario #1)
Expecting a 3 structure movement in corrective fashion to complete correction wave (ii)
from my personal opinion, i would like to see the end of wave (ii) at the area of 2093 - 2026

(Scenario #2)
Most probably wave (ii) is already in place if price move upward and break above 2344 key level

Lets see what the market will offer us today

Happy trading
Trade active
snapshot
Note
FCPO EW Hourly chart analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.