H&S a possibility for now. Bought some puts today.
All predictions are just guesses as you know. Frequently wrong I might add. But I personally like to anticipate but usually wait for a "sign" in price action to act. (ie candlestick pattern, trend line break, etc). We have a long term positive reversal in the RSI (rsi to new low but not the price) combined with a shorter term rsi bullish divergence (price lower...
Developing megaphone on the 4 hour chart & a falling wedge RSI. Pretty good risk reward buy near 1.414 fib level.
An overlay of the chart of WTI and brent oil prices over time, I thought it'll be pretty interesting to share this. How geopolitical and the American shale oil boom is shaping up the differences.
Rising 20, Rising 50, 20/50 cross - all good signs. Watching 50 MA to support
Drawing different trend lines for oil allows us to get some support and resistance levels for the intermediate term. For my full analysis including more charts check out www.enhancingcapital.com
, but that said, 5/10 wk MA x-over Fri would be one of a kind in several months and I'll take that a bullish
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...
settling down a bit, evidently price action has as well. MACD, RSI watch
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
First of all Bull flag! Many E-wave combinations right now .... this is though what I see the most ... "We're going higher" testing red overhead resistance So the chart is subject to changing wave count! Not altimate count! Have to clear EMA 34 and the the sky is open for the test, but price will maybe stay there for ½ to 1 hour before ema13 have moved closer...
Lot of pundits on Crude Oil. The MA cross overs is a first bullish start to consider long
Bowtie in full effect No need to say i'm long but have learned over night to do the TA on the real commodity instead of the derivative 'Safe trading gents @BLawrenceM Music at work: www.youtube.com open.spotify.com Follow me on twitter if you like my charts and my work and need intraday updates.