02/08/2021 FCPO ELLIOTT WAVE ANALYSIS CRUDE PALM OIL-RINGGIT FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) MYX:FCPO1! pengiran- Assalamualaikum and Hi traders! I'm still on the idea of wave 5 extension. Quick knowledge sharing on Elliott Wave Principle. The reference for this idea is based on EW guidelines on impulse wave. Motive Wave Multiples ----------------------------- (Impulse Wave Guidelines) When wave 5 is extended, expect wave 5, in price terms, to travel 1.618 times the net distance traveled of waves 1 through 3. Happy Trading!