oil 11-24 update.
good evening,
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remember in my last oil post when i called the top?
there was some really salty humans in the comment section who were most likely bag holders from the absolute peak of the bull run.
this is an update for them.
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last post:
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i feel like oil has entered into a quatervois here, which is basically "crossroad" in french.
currently seeing two potential trajectories:
1.
-oil runs up to 100ish through an expanded flat (green targets most probable, grey are weak, and red is unlikely, but always possible).
-after which, a swift downturn to my $57 target from the original post.
2.
-oil simply see's a dead-cat bounce, creates another hidden bearish divergence, and rolls over yet again - continuing it's bearish trajectory to my original target.
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all paths lead down there, potentially even deeper - but the question as always is: which path's it gonna take?
ps. no offense to all the people who talk smack on my posts, you're always welcome if you have a proper argument.
just keep in mind, "fundamentals, is not a proper argument".
---
remember in my last oil post when i called the top?
there was some really salty humans in the comment section who were most likely bag holders from the absolute peak of the bull run.
this is an update for them.
---
last post:
---
i feel like oil has entered into a quatervois here, which is basically "crossroad" in french.
currently seeing two potential trajectories:
1.
-oil runs up to 100ish through an expanded flat (green targets most probable, grey are weak, and red is unlikely, but always possible).
-after which, a swift downturn to my $57 target from the original post.
2.
-oil simply see's a dead-cat bounce, creates another hidden bearish divergence, and rolls over yet again - continuing it's bearish trajectory to my original target.
---
all paths lead down there, potentially even deeper - but the question as always is: which path's it gonna take?
ps. no offense to all the people who talk smack on my posts, you're always welcome if you have a proper argument.
just keep in mind, "fundamentals, is not a proper argument".
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