FCPO, LOWER FOR WAVE 3
FCPO AUG 2021 CONTRACT
KEY LEVEL = 3831, 3852, 4064
CRITICAL LEVEL = 4260
11.06.2021
Yesterday trading session, we saw the price movement in a classic corrective fashion 3 structure movement towards 3950 area and followed by a last minute very impulsive movement that break yesterday key level 3831 and 3852 like nobody's business.
If wave 3 is in play, we would love to see a movement to the downside in motive pattern of 5 structure, any retracement should prove corrective and price has no business above 4064 level. The projection area for wave 3 end still maintains between 127.8% and 161.8% Fibo ratio, 3472-3259 area.
Let’s see what the market will offer us today. Stay sharp.
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