Wave (3) still ongoing for FCPO ?
Based on the movement of the market yesterday, it might be possible that (3) is still in play here and its due to 2 reasons:
1) Wave (3) is an extension - thought to be, technically the market should at least move until it reaches fibo level 1.618.
2) Formation of the market highlighted in the box seems to be developing a five wave move (not confirmed yet).
Disclaimer
This is NOT a buy/ sell call but for learning purposes.
1) Wave (3) is an extension - thought to be, technically the market should at least move until it reaches fibo level 1.618.
2) Formation of the market highlighted in the box seems to be developing a five wave move (not confirmed yet).
Disclaimer
This is NOT a buy/ sell call but for learning purposes.
Nota
This option explores the idea that wave 3 is still not complete and worth noting that my previous post saying 3 is already completed is still valid & possible. Having an alternate wave count can help in navigating the market & prepare your next move. Nevertheless, the general direction of the market is still in an uptrend.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.