Oil battles on while I learn EWT. Just my idea on this stock. Please like if you found it interesting. Thank you
No comments... Just 1-st variant of possible price progression near future!
We do not even know, what to say. Everything is reflected in the charts in terms of the fundamental, historical and wave analysis. Maybe we are wrong, and the oil, will take the form of long-term correction, but the growth is unequivocal in the coming years. This is our opinion. Yours faithfully!
volatility in oil and the recent sell off in oil is causing airlines stocks to be volatile as well. VA is an undervalued stocks by many metrics, however technical analysis showed the lack of demand from this stock. Combining the rising wedge, bearish divergence, and market volatility, I am expecting a decline over the next few weeks. However, if it breaks it's...
Oil currently is its last stages of the decline that started in the summer of 2013 and it will place a bottom within the next few weeks. It is declining now in Minute wave v "which will be a 3-wave decline" where Minute waves i, ii, iii, iv and v represent the ending diagonal wave 5 of wave (5). We are expecting wave v to over-shoot to the downside of the ending...
I've been short since 44. Took profits on Friday at 41.
After a crazy week in the markets crude attempted a breakout. Now we are back at the scene of the crime. It's interesting that we see this pull back after Goldman Sachs releases their long term Crude forecast. Very fishy. Our eyes are on the 43 - 43.50 area. There are a lot of stops below this area and someone is fishing for them. If they get blown out we...
We are still watching crude for an entry long. We would like to see price re-visit the trigger zone and touch the lower flag. We are being CAUTIOUS with crude. This beast can blow through an area quickly so MAKE SURE IF YOU ARE TRADING CRUDE YOU ARE USING A TRIGGER! Define your risk and be good with it.
Would of, should of, could of...That was another nice move off the trigger area but as we mentioned before it wasn't deep enough into our zone. Now crude was rejected at the upper flag so we expect price to fall into the range and hopefully test the lower flag in our zone. Patience is needed! It's on our watch list.
Crude is experiencing some incredible moves which may be a sign a bottom is near. When bottoms form there is wider moves with volatility...we are watching the trigger zone for a possible long entry. We will keep a tight leash on the trade is it triggers. You never know with crude. NO TRIGGER...NO TRADE!
After a rocket off the bottom and a nice trade, Crude needs a rest. Is the bottom in? We don't so...soon though. We feel crude could make another attempt at a bottom to shake out the weak longs. However, if crude wants more upside from here we will need to see some consolidation. Above the $47 and we could see an accelerated squeeze. Crude is on our daily...
Well...that was quick. Off the Descending triangle we were able to take advantage of a very quick move and ring the bell on a nice winner. Lessons for all: Define your trade - Wait for it to happen - manage it as defined - control emotions. We are flat and will see how the pullbacks look.
Crude moved fast and furious so we took some off at 42.04 and pulled stops to our entry level. We weren't expecting this quick of a move so we had to adjust. That is trading...noting is static. It's a free trade and we will trail the stop until we see target #2 or get taken out.
Diamond Offshore's weekly chart showing 2 potential outcomes for May options expiration: 40 bucks or 23.50. Catalyst? Earnings on the 4th of May. The pitchfork pivots are clear as is the intersection of the midline with resistance at 40. Haglopian line pretty clear and would mark a new low. Also clear is the current price box between 30.60 and 29.06 (found...
I am in once it crosses 5 cents over the 5DMA Entry at 13.67 Target: 14.62 : 7% Stop: 13.15 : Loss: 3.6%, A Profit/Loss ratio of 3 : 1 regards, Jason | Tbltraders.com
Crude is still bouncing around and not finding a direction. Stops are building just above the 54.20 area. If we take that out we will most likely see a nice move. In the mean time we sit on our hands and wait for a good setup. Nothing yet. Keep on the watch list.
CL is range bound for now and could go sideways for a few week. We are still trading inside the monthly trend line and we will favor the upside for now. Watch more CL commentary: youtu.be
Crude had a nice bounce Friday. The volume was strong and now price is trading back inside the Monthly trend line. A test back down into that trend line and we will look for triggers long. See our weekly update for more: youtu.be