Three reasons
1 - Daily price outside upper bollinger band
2 - Resistance line
3 - Four hour chart looks bearish
This four hour chart candle is bearish to me.
I am going to wait for a pop today sometime to get a good short price hopefully.
I was wrong in my previous call for short CL. It seems to be so much stronger than I had expected. Anyway, on the weekly timeframe, CL is actually in an area where it could move freely up with at least $5 of free movement (that is 100 futures ticks). However, it is better to monitor the lower timeframe for any development that could hint an earlier reversal. I...
Sometimes, what happens when you are sleeping will affect how you trade during New York Session. Oil is all time highs since a few years ago, could take a big bear dive today.... more room on bottom then top at this time.
It needs to come down, it will not stay at this price for long, even though its showing divergence on the 1 hr, I really believe this is to over bought, my own opinion as long as we stay below the 70.30 mark, expect a drop to - 23 fib. Will probably end up going down to the first long leg of the trend, 2nd profit taking 67.53.
Here we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the...
WELCOME TO DACAPITAL TRADING!!
USOIL just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Last Candle closed above Previous Week High and took out all Highs forming new one.
DAILY
Bullish Daily Candle forming after last few days exploding price action with trend continuations.
WEEKLY
Following Short/Mid and Longterm...
1. Crude Oil achieved the Wave 3 fibo target; 261.8% of wave 1. (refer to white fibo levels)
2. Since Wave 2 retraced 78.6% of Wave 1 (refer to turquoise fibo level on the left), according to Elliott's alternate rules between Wave 2 and Wave 4, I am expecting Wave 4 to retrace to 50% or 61.8% (refer to yellow fibo levels on the right). Nevertheless, it is still...
1. Crude Oil achieved the Wave 3 fibo target; 261.8% of wave 1. (refer to white fibo levels)
2. Since Wave 2 retraced 78.6% of Wave 1 (refer to turquoise fibo level on the left), according to Elliott's alternate rules between Wave 2 and Wave 4, I am expecting Wave 4 to retrace to 50% or 61.8% (refer to yellow fibo levels on the right). Nevertheless, it is still...
Short Near @ 68.90 (as close as it reaches with RSI tops out) // At the top of the Channel.
Looks a clear short day and low closing today.
Waiting ....
Here we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the...
