Crude Palm Oil Futures

FCPO. CORRECTIVE PHASED

106
Time-consuming sideways movement, tight ranges, and numerous overlaps are all characteristics of a corrective wave.

Sideways corrections often tend to retrace 38.2% of the previous impulse wave, particularly when they occur as wave 4. We wait here when the price reaches this level.

We will continue to detail the structure once we have a clear picture. For now, let’s sit back and rilex.

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