Next Possible Direction For FCPO

2023년 2월 24일

As expected market has moved towards the north and seems to have exhausted its uptrend momentum at least for now. Correction is now more likely to occur after 5 waves move have already unfolded in the wave 3 Primary. Given that correction in the Primary Wave 2 is a Zig Zag, the rule of alternation could be at play here for Primary Wave 4 - most probably flat correction, triangle or double three. I'm inclined into assuming that it is flat correction. A break below 3848 would invalidate this assumption and suggest another wave is unfolding.

Disclaimer:
This is NOT buy/ sell call but for learning purposes.

2023년 2월 28일

노트

Currently, this option is more likely