Sentiment is bullish on both CVX and it´s rival XOM but my trading plan only allows me to own shares of one of the company´s at a specific time.
CRUDE has higher targets possibly on its agenda. Holding the contained market structure will allow for the next thrust.
CRUDE FOUND BALANCE AND WAS MET WITH SELLERS AT THE HIGH.... WATCH FOR AREA AT 41.80 -40.00 FOR A POSSIBLE LAUNCH TO RETEST THE HIGHS... WE NEED TO CLEAR THE AREA OF RESISTANCE TO ACT THE $55 MAGNET AREA. ANY FAILURE WILL SEND THIS BACK DOWN TO THE LOWER BASE
I think it's amazing that trendlines seem to work for some reason
IT IS ALWAYS GOOD TO TAKE A STEP BACK AND LOOK AND THE HIGHER TIME FRAME THE INTRADAY SWINGS CAN GIVE CONFUSION IF YOUR CONTEXT ISNT FOCUSED
PRICE CAME BACK TO THE "ZONE OF INFLUENCE" DOUBLE TOPPED AND THEN PANIC FLUSHED THE WEEK HANDS BEFORE ITS REAL AGENDA.
PRICE PANIC FLUSHS HITS POTENTIAL SUPPORT. FORMS INSIDE BAR THRUSTS UP THEN RETEST. "STUDY THIS ..OVER AND OVER AGAIN
TIME CAME IN AND PANIC SOLD DOWN TO SUPPORT. TO CONINUE THE ADVANCE WE NEED TO STAY ABOVE BOTH PIVOTS OR A SIDEWAYS RANGE WILL POSSIBLY DEVELOP MORE IT SHOWS IT AGENDA.
PRICE STRUCTURE AT "POTENTIAL RESISTANCE" TIME IS APPROACHING .... TRADE THE DEFINED PARAMETERS ON PRICE ACTION. IN THE CENTER OF THE RANGE IS THE "KILL ZONE"
"DESCRIPTION ON CHART"
PRICE IN ENTERING "PROBABITIY ZONES" IT PROVIDES INFORMATION WHERE TO ACT AND WHAT HAPPENS IF PRICE BREAKS THE AREA. HAVING INFORMATION BASED ON PATTERN AND TIME HELPS ONE FORM THERE ROADMAP FOR "THE TRADE"
DESCRIPTION ON CHART..... PRICE IS GETTING READY TO CHOOSE ITS LAUNCH FROM THE BOX...
DESCRIPTION ON CHART..... WATCH LEVELS FOR RESPONSE.....
DESCRIPTION ON CHART....STUDY PRICE ACTION ....... WE GET PAID TO WAIT.
DESCRIPTION ON CHART..
Watch for that stoch rsi bear cross for the pullback
STALKING A "TREND LONG" NO OVERBALANCING ON THE INTERMEDIATE TREND YET...