07/07/2021 FCPO ELLIOTT WAVE ANALYSIS

2021년 7월 7일

FCPO, WAVE 3 COMPLETE?
TRADING CONTRACT: SEPT(U) 2021
KEY LEVEL = 3978
CRITICAL LEVEL = 3499
10.06.2021

Trading below 3978 would signal us that wave 3 is complete.
If wave 3 topped, expecting a for sharp correction of wave 4 toward 38.2% area.

As for today, we will monitor 3978 key level, trading above this level will cancel the idea that wave 3 is in place. price movement below our critical level of 3499 will cancel this setup and we will label the chart using corrective sequence. (Switch over to alternate count if this happened)
OUR CRITICAL LEVEL IS BASED ON ELLIOTT RULES THAT WAVE 4 CAN NEVER ENTER WAVE 1 PRICE TERRITORY.
Beware of possible huge gap down on opening, please refer to other commodities chart.

ZL – Soybean Oil

ZS – Soybean

ZM- Soybean Meal

ZC



I AM A GOOD TRADER - You only need one affirmation and this is it. Read these words every day until you don't have to read them anymore. =)

2021년 7월 7일

노트

Gap down on opening near target area.