Gaps Gaps at both ends of yesterday's move. Could be very volatile market ahead. Bulls just been allow to roam Trade What U C @WallStScalper
Trendline & structural support Was predicted last week if you saw my weekly and monthly Elliott Wave count... see below in comments field (done on my Twitter) Monthly ...see link below We should see some retrace here in DWTI I will be looking for a harmonic pattern to set up for the retrace. Trade what U C @WallStScalper Music at the charts: Gabrielle:...
Cup & handle Bull flag breakout Notations on chart! If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! Trade What U C @BLawrenceM Disclaimer: twitter.com (I'm long alrady) Follow me on Twitter for intraday updates and scalp plays. I do...
EW count and analysis for CL1! crude oil. Notes embedded I will be buying at around $48/bbl and looking to take profit around $66 with a possible extension toward low $70's. Place stops at the (b) wave low around $42.
We have seen oil test these levels twice before, and generally it seems to be following the trend again. We could find some support at 58.25 but with Greece looming and, however unlikely, the Iran deal looming I think we test this bottom trend.
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
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...
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...