Elliott Wave Analysis: FCPO Price MovementCrude Palm Oil FuturesMYX_DLY:FCPO1!AdamIdris2FCPO has completed wave (2) of wave (V). Currently, it appears to be completing wave (v) of wave 1 of wave (3). For FCPO to retrace to wave 2 of wave (III) uptrend, it must complete wave 1 first which is possibly in progress to wave (v). Wave 2 may retrace to Fibonacci of wave 2 which is below 50% of wave 1. Wave 2 may complete with zigzag pattern. Wave (3) may complete with 5 minor waves. This analysis is intended solely for Elliott Wave learning purposes and is not a recommendation to buy or sell. Please conduct your own technical analysis.