Poll

What indicators that you mainly use in Technical Analysis (TA)?
Moving Average (SMA/EMA)
RSI
Stochastic
MACD
Ichimoku Kinko Hyo
Volume
Momentum
Poll Maker

Wednesday, 15 May 2013

FCPO - Continue Downtrend

FCPO

Nicely moved in the Gann angle.. A correction on my understanding of wave before.. current is developing wave iii and expecting to go more lower.. If you check on chart pattern, price is forming 3 peaks descending.. means, once break 91, it will continue to go lower with expecting to complete wave iii with condition that 3rd peak is not higher than 08...

Any gap up will give opportunity to get discounted price.. Mentality isl always to be on short.. take any opportunity in the opening..

If check on indicator, there is spotted an attempt to form hidden bearish divergence if price now remain below than 08... AO also still below zero.. a good condition to continue shorty..