New contract.. Price seems like trade in the range. Approaching Gann box cycle level 1.0. Lets see if price able to break above resistance.
1. The major trend market structure is an uptrend. 2. Early morning session continues from previous day give us short term trade for downtrend move. 3. Once the downtrend market structure is broken, prepare to find the long entry opportunity 4. There is 2 type of entry. Risky and safe entry. 5. Risky entry when EMA14 + EMA50 still below EMA200 while price...
Time cycle and Gann box to predict the market movement hence easy to make the decision. We use 15min TF as our major time frame. Time cycle draws by choosing double top/bottom. Gann Box draw align with the time cycle for each level. For current market trend, its follow the current cycle time. It might be changing in the future.
Bullish is trying very hard to push against its 5 & 15 min resistance. Bullish volume in the 1HR chart seems to be working too hard with a little too less, or I can say a formation of Doji. However, the price just closed above the resistance, we will be looking closely at the next candle reaction, whether the bullish is getting weaker or stronger. Here some tip,...
CPO: Weekly & Daily Up-Channel top reached last week. 🚀✅ Coupled with slight momentum weakness on Hourly, suggesting an overdue retracement might finally take place. In case of continued bullish momentum, mainly driven by macro reasons, look to R1: ~4.6k, R2: ~4.8k Else, price may find support at S1, prev ATH, or UTL1. ❇️April11 Long Call hit R1, next will be...
Sideways-Up bias before the eventual Longterm upside breakout to 4k & beyond, commodities are seeing across-the-board rise on hyper-inflationary risk, thanks to massive money printing. CPO price bounced off major S @ ~3200, subsequently reach R1-R3 upside mentioned in previous post. Expect further consolidation near wide range top (3500-3800) region, potential...
CPO price consolidated past 1-2weeks, forming a nice launchpad towards higher price levels -- Bullish Flag pattern. 🚀🚀 Price still running in a mid-term up-channel, with an upside target zone: 3.5-3.6k & 3.7k ; similar to which suggested by the flag. 🔔 Overhead Resistance: 3.4k, 3.5k, 3.6k, 3.7-3.8k ❇️Prev idea still largely intact, only now with added...
Key level = 2038 Critical level = 1940 Wave (iii) Projection @ 1.618% = 2692