JancyJS

JancyJS

It's The Second Time Euro Test The Resistance. The Resistance Is A Convergent Of Several Resistance Levels (Purple Main Down Channel, Swing High, Break And Pullback Of The Blue Up Channel) It Could Test The Resistance Area And Retrace Back OR Break It Higher. It's Time To Step Aside To Let Market Tell Us The Next Move. Big Picture:

JancyJS

There Maybe A Pullback Here, But The Swing High Has A Magnet Effect, It Probably Will Test That High Eventually.

JancyJS

Crude Oil Is In A Big Trading Range, A Triangle Is Forming, Better To Wait For Breakout

JancyJS

WTI Hit Main Support Zone, This Support Level Trace Back To January Congestion Zone Last Down Leg Is Divergent The Down Trend Will Stall For A While Either Rally To Swing High And Down Channel Line Converged Resistance Zone, Pullback, And Then Rally Or Pullback Then Break The Support Zone Either Way The Rally Is Very Likely, Long WTI, At Least For The Near Future

JancyJS

Main Down Channel - Swing High Resistance - Up Channel Line - Converging Together Over Bought May Stall For A While Before Retest The High And Even Break Higher

JancyJS Updated 

Upthrust Main Resistance Twice, All Failed, Up Channel Broken, There Will Be a Big Pullback.