pengiran-

pengiran- Updated 

FCPO 11.07.2018 Preferred Count: Continue bearish after retracement 1. Lower to complete wave 5. 2. Interesting level around 2300 area for pull back projection. 3. Key level = 2348 must hold for this preferred count. Alternate Count: Wave 5 of C of E completed and bottomed. 1. Wave 5 of C of E (refer to daily chart) has completed as the chart is telling us, we...

pengiran-

Key level = 2348 Key level must hold for this bearish idea

pengiran-

Key level = 2348.00 For this idea, key level will be the invalidation level. There area still possibility that wave 4 still not completed its cycle and expect another top created.

pengiran-

almost there :) or maybe complete wave 5.

pengiran-

Waiting for wave 4 to complete, looking for bearish setup.

pengiran- Updated 

we can see a clear 5 wave structure rising up in impulsive characteristics from 63.57 giving us an idea that probably wave C of 2 is coming to an end soon. Still waiting for a clear evident from market showing wave to has topping. Key level = 72.88 must hold for this counting to remain valid.

pengiran- Updated 

cancle order if price break SL level.

pengiran-

Preferred view: Target area for wave 4 cycle completion will be around 2300 - 2320. Alternate view: Trading below 2275 will give a good indication that wave 4 is already in place. Let the market decide. Happy trading guys!

pengiran-

This counting still valid. Lower to complete wave 5 Target area for wave 5 = 1.30000

pengiran-

waiting for opportunity to short with wave 5

pengiran-

Key level = 72.88 must hold for this wave analysis

pengiran-

Still waiting for evidence showing wave 3 has bottomed.

pengiran-

Expecting price to move lower to complete the last wave structure

pengiran-

Using EW Guideline WAVE 5 = WAVE 1 Projection price for wave 5 is at 1.30000 area

pengiran-

Expecting a sharp correction of wave 4. General guide line EW rule of alternation, wave 2 complex, wave 4 simple. The rule of Alternation The rule of Alternation There is a general tendency for the pattern of the two corrective swings in a completed 5-wave sequence to alternate between a simple (very often an ABC) correction and one of the more complicated or...

pengiran-

I go long with FCPO. Buying on high if the first signal bar. SL is place 1 tick below the signal bar. Long Entry Entry Price = 2269.00 Stop Loss = 2238.00

pengiran- Updated 

FCPO ELLIOTT WAVE DAILY CHART ANALYSIS Complex correction of wave 4 forming WXY double combo. Where X wave = triangle , X = 3 structure & Y = irregular flat. For this counting, im assuming the cycle of wave 4 already complete and expecting the decline movement from 2498 to unfold into five wave movement and my next target is at 2255 area.

pengiran- Updated 

WEEKLY CHART EVALUATION 1. Price below Alligator 2. Previous Bar - Bearish 3. AO Red Below Zero, Momentum Downtrend DAILY CHART EVALUATION 1. Price below Alligator 2. Previous Bar - Bullish Divergent Bar 3. AO Red Below Zero, Momentum Downtrend TRADING SETUP @ 4H TIME FRAME 1. Bullish Divergent Bar - Valid 2. AO Red, Below Zero - Valid 3. Angulation...