11/06/21 FCPO UPDATE: LOWER FOR WAVE 3 CRUDE PALM OIL-RINGGIT FUTURES (AUG 2021) MYX:FCPOQ2021 pengiran- 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 . Learn every day, but especially from the experiences of others. It’s cheaper! :p Follow our Elliott Wave count at: TradingView: https://www.tradingview.com/u/pengiran-/ FB: https://www.facebook.com/pakar.elliottwave/ Elliott Wave Basic Classroom: https://www.facebook.com/groups/elliottwavebasic/