I believed we are in wave 4. Wave 4 can be a double / triple tree. That means it is possible we are still in the subwave c of A. Soon, wave B will start. Bearish divergence at monthly, weekly and daily tf are so obvious. Be careful for those who are thinking that price will keep on going up until USD100. Anything is possible in this world but...let's be practical. :)
Sometimes I enjoy zooming out to go pattern hunting. Found an interesting pattern with WTI that 8/10 times May into June was the end of a trend and the beginning of a reversal. With strong Bullish momentum leading into June '18 one does wonder if the leading average will prevail or if momentum will carry itself through the tumult of June? Chow!
CL1! Prices recently broke out of the long-range wedge price pattern at around 69.26 but formed another short-term wedge and are currently moving sideways between 70.84 support and 72.31 resistance. A break above 72.31 could see prices continue to the next resistance/target at 74.18 and a break below 70.84 could see prices fall to around 69.26-69.18. There could...
School time guys & gals, Can anyone describe this chart? - context - Action/Reaction - price-action - ...anything else you see? P!
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...
X went higher than top of wave 3 (green in bracket). Y made 5 legs (impulse) but didn't went down below W. And then price kept on making higher highs. That should gave us a hint that wave 4 was a running flat. Look out for the confluence of fibo levels in the white box and the blue horizontal line at 72.70. That might be the next target.
Locked-in Range Analysis: Preference: Long positions above support Locked-in Range. Preference: Short positions below resistance Locked-in Range. Alternative scenario: After the LR Cancellation look for opportunities for opening positions by a direction of a breakout About Locked-in Range Analysis LRA is the method of interpreting the price and...
Next few months, I do not see Oil going pass $72 a barrel, in fact see oil going back down to $60. A lot of geopolitical pyschology is in oil, which appears to be subsiding at this time. Noted on chart a Cyhpher Pattern and being over bought at this time. Noted on chart is where C to D leg of bullish trading chypher pattern and where price action will retrace too,...
Oil has completed a bearish Butterfly pattern. This is a short term bearish opportunity that can lead to a bearish pullback. The long term pattern to focus on is the weekly inverted Head and Shoulders pattern that I mentioned in my previous analysis. Pullback to 60? It's an option
Harmonic Patterns are winners, but like eveything in trading, you need to know what they are as they are happening in real time.
Today was a huge selloff.Price is moving around 70.90 to 71.10 so less momentum look like big player gone. Monday,May 21 will be end date on the M8 contract all buy will get close this week. so shorted. For target 68.30 ,ST 71.90.
I believed Wave 5 of 5 had started. The first target should be 38.2% (yellow fibo level on the right). Need to check for confluence with the white fibo levels on the left and count your wave at smaller tf to estimate the peak of wave 5.
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...
The next two 1D candles are very crucial for keeping the bullish short term momentum alive. If the 69.96 support holds then the Rising Wedge (overbought STOCH = 80.772, Williams = -19.841) will quickly jump to 72.60. If not then the Channel Up (RSI = 62.380) will look for a Higher Low (Highs/Lows = 0.7114) with the most probable candidates being 69.00 and 67.80....