FCPO ANALYSIS 22.02.2024
1) Prediction of a decrease in FCPO prices for the May contract.
2) Identification of resistance zones as the main reason for the downward prediction, including:
-Trendline now acting as resistance.
-Fibonacci retracement levels (78.60%, 1.236) and extensions (161.8).
3) The presence of a QM pattern, indicating a possible trend reversal.
2) Identification of resistance zones as the main reason for the downward prediction, including:
-Trendline now acting as resistance.
-Fibonacci retracement levels (78.60%, 1.236) and extensions (161.8).
3) The presence of a QM pattern, indicating a possible trend reversal.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.