littleriver

littleriver

After more than a few failed attempts at deciphering oil's bottom , I thought one more was in order. A falling wedge is taking shape on this daily chart. After failing to cross the upper trend line, oil is accelerating toward the the lower trend line. A move to the line near a $35 price would satisfy the small blue bull shark harmonic. It would also set up...

littleriver

Short term oil prices will likely rise. Clear falling wedge with AO dog ear divergence. Harmonic bear shark in play with a target of 43.50.

littleriver

Stop and targets are on chart. Some may be asking is an inverted harmonic a real pattern? I have no idea . I am however charting what I see in the chart. My own logic for this is simple. We see inverted patterns all the time in the market. The inverted head and shoulders is a prime example. My thoughts are this applies to all patterns , even harmonic ones.

littleriver

Stop and targets on chart.

littleriver

Stops and targets on chart.

littleriver

Price is rising off the bottom here after making a double bottom. Looking for this double bottom to confirm with a move near 4.15 with a stop is below 3.65

littleriver

See the potential for a bullish butterfly.

littleriver

See a bullish crab completing this HS onto support.

littleriver

See the potential for a bullish shark in gold.

littleriver

Alcoa recently formed a bullish cypher pattern. Targets are in orange.

littleriver

A reversal in crude looks imminent as a double bottom takes shape. We are a long way from being confirmed and the downtrend line is still very much intact. But looking at the longer term W%R and RSI highlighted with purple trend lines, there is a clear divergence taking place with price. This could possibly be setting up for an explosive breakout in oil.

littleriver

Using this crude index chart to forecast one possible scenario in crude. A confirmed double bottom has formed and retrace in crude is taking place now. Crude may retrace to 40.60 a barrel before the next bull wave. This wave will break the downtrend line and confirm the IHS taking shape now. It may be followed by one last bear raid before the final bull push to...

littleriver

Unconfirmed IHS targeting gap at 63.40 with stop just below 59.10.

littleriver

The price of oil has been contracting for a few weeks now. Recent price action(unconfirmed IHS) along with these indicators(expanding W%R;Diverging RSI,AO) suggest we may see some bullish expansion soon. I have a measured bullish move near 1290.

littleriver

This silver index chart reveals a bullish breakout from a falling wedge with a target of 308.

littleriver

Inverted head and shoulders at key level on daily chart with rsi divergence. My target is 5.20.

littleriver

Looking to enter long on bullish breakout from this falling wedge. My target is the green pivot near $43.

littleriver

CC on the 5th of August could be the catalyst to start this gap fill. Price is beginning to flatten here with an unconfirmed double bottom as it diverges with w%R.