Would like to see price make 126.40 before a retrace
as said above ! just follow the big guys ehm me :D
Daily Chart Fibonacci Channel Support & Resistance Bounce Zones
CVX - Testing channel bottom Bounce zone
This week CVX broke down from its retracement. On Tuesday there was a shooting star, followed on Wednesday by another candle forming the double negative of a tweezer top with dark cloud cover. After bad earnings on Friday it created a breakaway gap. The last three down moves (head and the two shoulders are around $12 each time in about 25 days. I am looking for a...
This week I will post two Oil stocks (CVX and TSO), both appearing to meet the requirements for Head and Shoulder tops. You may want to put them on your watch list. This pattern is the easiest recognized, but can turn into an Acc/Dist pattern if the classic rules are not met. Beyond the H & S pattern he first rule is an uptrend line is broken as this did in June....
Classic "morning star" reversal pattern in CVX. New traders should take note of this pattern