icypuma98

icypuma98

Short it

icypuma98

Price action on Monday is key.

icypuma98

Wishful thinking perhaps but a possible scenario.

icypuma98

1 of 1 million potential scenarios.

icypuma98

It's a lot of fun

icypuma98

I'm looking to enter long as soon as price action confirms. I'll be monitoring the following timeframes carefully this week: 1 minute 15 minutes 1 hour

icypuma98

Kind of a mindless doodle but anything is possible.

icypuma98

Oil hit the 1.414 fib on the chart which is 59.30. It made a low of 59.29 - talk about accuracy. I'd observe the price action carefully before entering a long position in the coming week but there is a high chance it'll retrace back to the 64.5 mark.

icypuma98

Crossing up GREEN with notable volume = LONG Bouncing off RED (failed breakout to the upside) = SHORT Crossing down RED with notable volume = SHORT Bouncing off RED (failed breakout to the downside) = LONG

icypuma98

2 reasons on 2 timeframes. The 2 drops could have been a warning for a bigger down move to come. Happy to be proven wrong but I can't find any reason to be bullish at this stage.

icypuma98

A picture tells a thousand words.

icypuma98 Updated 

The lower 8000s should see a retest.

icypuma98

My guess is that this year's bottom will be around $6,000 based on a simple 300 day moving average.

icypuma98 Updated 

I've been thinking the markets are overvalued for a while, let's say for the last 2 years. Charting on a log graph tells me otherwise. Past 2 years were definitely within the channel however now the US equity market is entering the bubble territory for sure. It's interesting to note that Trump thinks the markets are overvalued - I believe it's something he said...

icypuma98

When the redline is broken clearly, there's a high chance the price will fall back to the 300 SMA (currently under $1)

icypuma98

An observation. Downside seems likely.

icypuma98

An observation.

icypuma98

An observation.