after that steep move down correction must follow, but what structure will it form is very difficult to assume. as for now i see 1 complete structure in form of a diagonal and that may be wave A and drop down for wave B (orange arrows), OR that is just a smaller time frame A where correction may follow as per turquoise color and go for next part to finish wave A...
Loooks like oil is about to do something extra ordinary soon. but who knows..anything can happen.
with my previous analysis playing out as expecting including Heating Oil, I am seeing some shift in the dynamics of this black gold.
technically we have seen some break of key break outs in the high time frame lines.
this is a key level and looking to see if a...
low consumer sentiments
sanctions, mid range between 75 and 64. next price level for this is demand levels around 64-65 lining up with 38% levels. oil stocks gradually climbing up globally. patience will pay off.
If MPP (S1) functions as a support line, think long.
The first limit is 70.00
The second limit is under MPP (P) 70.77
The third limit is under YPP (R2) 72.62
I would be grateful if you like it idea,give me follow or agrees!
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line:...
Weekly Demark 13 countdown sell entry now activated with the lower breach of the No1 of an opposing buy set-up. Sell with target of $47.00. Less aggressive entry is below the '13' bar at $63.70 - same target. Enjoy.
We have a smaller 5 wave structure within a larger 5 wave, currently on wave 5 and with a DeMark Sequential 9 bar on the monthly in progress. If the month close leaves the 9 in place I would sell aggressively on the break of the low circa 66.50
Bullish Gartley on $WTI. Entry range until 45.93, stops below 45.79. Potential targets 50.31, 52.11 and 52.85. Better entry when the RSI is oversold and pointing North. Possible entries @ 46.96, 46.32 and 46.15
Hello everyone. I hope it goes all well for You. I have been working this set up out this evening. Crude Oil seems to be struggling and is not giving us a wild rally eventhough we had two consecutive very bullish stockpile reports. The first one that came out on July the 6th has not endured the bears pressure and session closed much lower than the days high. Have...