https://www.tradingview.com/chart/dM9WCHpj/
FCPO could start its bullish momentum all the way to RM5000 ++ completing its major correction C structure (ZigZag), this of course is based on my biased Elliot Waves mapping. The only time we can be absolutely certain is when the market has broken past the RM4300 area until then it is only a speculation. However, there are early evidences that showed this assumption might be valid because:
1) Candlestick has closed above the area of change of character (market structure)
2) Price has bounced off the fib retracement level 0.618 - few times actually
3) Regular flat correction seems to have completed
Disclaimer:
This is not buy/sell call but rather for educational purposes only
FCPO could start its bullish momentum all the way to RM5000 ++ completing its major correction C structure (ZigZag), this of course is based on my biased Elliot Waves mapping. The only time we can be absolutely certain is when the market has broken past the RM4300 area until then it is only a speculation. However, there are early evidences that showed this assumption might be valid because:
1) Candlestick has closed above the area of change of character (market structure)
2) Price has bounced off the fib retracement level 0.618 - few times actually
3) Regular flat correction seems to have completed
Disclaimer:
This is not buy/sell call but rather for educational purposes only