H4: H4 direction is up and we have an H4 demand level formed just below us H1: there is an H1 original demand zone inside of an H4 zone and it would be a good buying opportunity TP1: 1:1 R:R TP2: will be trailing till possible H4 supply zone above twitter.com
In my elliot wave analysis of crude oil, I believe there is a great risk reward trade here to the downs side. After making 5 waves down, I believe oil may have just completed an expanded flat for the 2nd wave. This sets up a trade that should be strong in a third wave down. The initial target is a fibonacci ratio of 1.618 of wave I. A more accurate target can...
Colgate-Palmolive, descending peaks pattern.
I think this correction is OK. Going down to the centerline, just to recverse to the upside. P! Free Basic A/R & Forks Course: mytradingcoach.teachable.com
Oil should fall swiftly here. We can enter shorts at market, with stops above 45, and target 35.50 in the coming days, between 7 and 10 days. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers,...
Wait for the confirmation on the 15 minute 50% fib at $45.01 or just put a limit order, Fib gives a good success rate when use with the current direction of the market, 1hour fib also makes good entries such as today fib 50% $43.88 on the 1 hour to confirm Bull trend NYMEX:CLM2016
Oil weekly is testing the kumo resistance. This was a point of rejection last time is tested. See what happens this time.
Despite the run up in the price of crude, fundamentals still don't justify such a premium. Could the recent price action of WTI Crude Oil be a repeat of what we saw in late 2015?
If price is able to jump above the dotted A/R line, then we will see price way up between 50/52, where another bigger EP is waiting. P! Free to join: mytradingcoach.teachable.com
The Warning-Line is broken to the upside and the only thing what could hold price up is the blue centerline. Short term i expect a pullback to the WL1 and from there the attack of the blue downsloping centerline. Selliing Puts <--- ME §8-) P!
The breakthrough of the upsloping centerline (grey), and the L-MLH of the red pullback-Fork indicates a potential turn. Main TGT would be back to grey centerline. Second opinion is the break of the L-MLH, down to the support zone (green) and up from there to new highs. P! Like the Forks? Her's your free, Basic Course: mytradingcoach.teachable.com
It's really astonishing how the ancient rules of Action/Reaction work out. Newton was a REAL genius. Next stop - Centerline. P! mytradingcoach.teachable.com
after the opening of trading is to wait for the pullback, and then open a short position stop-loss 41.27 The first is very likely target 37.5 and so the price can for 1-2 weeks to fall to 32 or lower