SilentWave

SilentWave

Stochastic is already overbought. Wave 3 downtrend is predicted. My analysis could be wrong altogether.

SilentWave Updated 

Is there going to be a continued uptrend to complete wave 3?

SilentWave

Base on the chart it is still rather bullish even though it is already overbought. I guess Soya Bean has something to do with this. For day trade, going long will be a good idea. Swingers may need to be cautious for retracement

SilentWave Updated 

Can this go any higher or waiting for pullback?

SilentWave

Based on the latest 4 hour chart, I think the price will continue to move south to complete wave 3 if support at around 2134 is broken according to Dow Theory. If I draw my fibo ext correctly, next target should be around 2105. Trade at your own risk.

SilentWave Updated 

My first publish idea on FCPO trading Still learning the basic. Overall trend is bearish next week from the chart

SilentWave

Since the price did not break the previous low last week, based on Dow Theory, price might move up and if lucky can reach 2348.