This option suggest that fcpo is still in its corrective structure, quite possibly an expanded flat and could reached RM 3500 ++ in the near term. Structurally, (C) is a 33333 ending diagonal (expanded version). Ultimately, this assumption will be invalidated if the price breaks the 3991 level and therefore validated my previous assumption of this is a start of wave 1 c.
Disclaimer
This is only for educational purposes and NOT a buy/ sell call.
Disclaimer
This is only for educational purposes and NOT a buy/ sell call.