quick look at day trading channel, reminds me of months ago. Play the trend until it breaks then hold on for dear life. Set responsible stops and trade at your own risk. Don't get cocky!
Time to watch that 3.28 heavy support closely and watch to see which way it breaks!
CHK has been in this descending triangle for some time now, but have we broken to the downside? MACD bearish, hoping we see a reversal here still but no position yet for me
Reached the peak of the megaphone developed since January 2015. Expecting 0.5 fib pull back of the leg starting from $41.98 before resuming the uptrend to $77 range. Given that $54 have been a strong resistance earlier (and now a support), it could be a potential target to start closing short. Entry: 59.36/60.48 Stop loss: 62.65 (new highs) Take profit: 52~54
After the shooting star and the long red candle, we have this h&sh coming up. But there is always a possibility that it's a trap.
Should be a buy here I'm long from 60.91 It's a scalp play..Counter trend .. Oil is bullish Fear Not believe what you see @BLawrenceM
Pretty clear by now, Western Texas Intermediate (WTI) have been developing a megaphone-like consolidation since January, 2015. The new lows made just a week ago is positively diverged, without having new lows on RSI which is a big buy signal. Open: 46.61 S/L: 45.20 T/P: 54.11/ 58.77 Dollar analysis: In my opinion, the Baker Hughes Rig count is nothing more...
Became never a valid pattern. It was made in the early minutes after little swing up. B Leg exceeded the 61.8 and later the 78,6 and went for a test of latest swing low. ------------------------------- It's in the early minutes of a possible Bullish Gartley.... BUT... and there are several BUT(T)s that still can twerk this pattern apart. Nothing is for...
Looks possible here, worth a try with 4% risk to 22% upside. Keep a lookout for oil price too. Target of $19 (trendline).
One of the great feature I like with TradingView is the ability to compare different ticker via arithmetic addition/division/subtraction. From here, I'm comparing between UNG and USO. Since both are directly related to energy, tough choice huh? Charting it out helps a lot and we can see a clear breakout trend between the ratios! Clearly Natural Gas (UNG) might...
If reversal here at the 2.90ish and a gap close there is a possibility of a Bearish Shark ------------------------------------------ Have sold at the second spike at 2.14. Entry was at 2.89. It looks more bearish now. No follow through and a full retrace of spike. I doubt we'll see the Bearish Shark. Next possibility is a Bearish Cypher. That will retest the...
Oil really a teaser these days.... in range not willing to break out either way (See my linked chart) Safe trading Ladies and gents! @BLawrenceM Music at work: www.youtube.com
There's a strong support for oil at $37.72 and I believe that will be the bottom in the coming months. It is only bouncing given the extreme oversold condition and that does not change the fundamental fact of an over supplied oil market and many more that are stored in offshore tankers. I highly doubt the long term log trend in black will hold. (Temporary bottom...