Since 5pm cpo futures price was last traded 2149 that only 1 point below the 5pm stop and reverse buy trade signal that was posted in the previous write-up, the 6pm stop and reverse buy trade signal is actually being adjusted much lower that is at the low of today.
The hourly indicator Y short 2141 will therefore do a stop and reverse buy once cpo futures price is closed above 2127 at 6pm later today, which mean if cpo futures price is closed above 2141 the short 2141 will have to cut loss turn long at 6pm. Again, this is without taking any consideration of higher high lower low data and unforeseen circumstances between 5pm to 6pm cpo futures data.
However, if below 2141 but above 2127, the hourly indicator Y short 2141 will take profit turn long at 6pm. This will be the first profit of December if it does happen!
It seems that 6pm will be the 5th stop and reverse trade signal for this month of December.