FCPO - 5 WAVE DOWN, NEXT 3 WAVE UP!
Continue from previous post.
We can see a clear 5 sub-wave structure was observed during evening session. This motive movement to the downside and trading below 3686 strengthen the idea that wave C has complete.
*** 5 Wave structure on 1 minute chart.
Next, we would like to see a retracement that potentially will bring back price to 3700 area for sub-wave 2.
Invalidation for this wave analysis = 3734.
Let's see what the market will offer us next week.
Happy holiday to All FCPO trader!
We can see a clear 5 sub-wave structure was observed during evening session. This motive movement to the downside and trading below 3686 strengthen the idea that wave C has complete.
*** 5 Wave structure on 1 minute chart.
Next, we would like to see a retracement that potentially will bring back price to 3700 area for sub-wave 2.
Invalidation for this wave analysis = 3734.
Let's see what the market will offer us next week.
Happy holiday to All FCPO trader!
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