I posted a lot about Crude Oil on my Website and also on YT. The first short was nice success. Now we get the chance to do it again "Sam" §8-) This current test of the L-MLH of the white Fork was brutal. The squeeze is similar to the one of the 23rd of September. Just a little smaller, but more vicious. As for a Stop, I think it needs top be at least above...
Crude oil has reached the August highs again, pushed by productions cuts by OPEC countries and weaker dollar. Markets are now awaiting further cues on the US economy and potential interest rate moves. I think it is time for a small retracement in the price, this rally has to end for a day or two, potentially reaching 61.8 Fibonacci retracement traced back from...
Sell limit 78.40 Stop loss 79.40 Take profit 62 After our previous trade was successfully hit the target now we looking for a possible sell zone to take action in it. Disclaimer The contents on this site are for informational purposes only and do not constitute Financial accounting or legal advice I can't promise that the information shaded on my posts...
Crude to $70? Am I completely out of my mind now? Well, some think yes...and me sometimes too when I do my TA. So what is this chart analysis trying to tell us here? Let's start with the white pitchfork: The white pitchfork on this chart projects a higher price in CL within it's boundaries. And there is also the dashed line, which we Forkers call the ...
Howdy! How's it going? Weirdo markets right now in my opinion. But there's always a market we can play. Let's see what we have on Crude Oil: Isn't that price behavior wonderful? The max. excursion line marks the upper resistance on the weekly time frame. Go, watch crude on the weekly. There's a observation to make, right at the top of EACH of these turning...
What do we have here? Divergence and resistance tell a story. But the indicators are not predictors. They "indicate". That's why we are patient and wait for a break of the trendline (yellow) on a close. If that happens, then we have more certainty and can short a potential pullback #patientpitchfork @RiderOfThePF
Hi Traders, Following up on my previous long on Oil we have found some resistance around this area. I have given a trade opportunity of 1:10 aiming for the 50% fibonacci level and touch of the trendline. This should be taken with caution as Oil is coming through on a strong trend.
Sell limit 78.12 Stop loss 80.87 Take profit 73.90 Disclaimer The contents on this site are for informational purposes only and do not constitute Financial accounting or legal advice I can’t promise that the information shaded on my posts is appropriate for you or anyone else, by using the site, you agreed to hold me harmless from Any ramifications Financial or...
This is clearly on it's way to <$20 before the summer. MOEX:CL2! Here is the Daily
Crude has broke the important channel and formed candle stick pattern for trend reversal. Expecting Target of 60.50 for this upcoming Week
Thanks for viewing. Just a super quick update. Some retracement upwards starting this week, maybe not as much a 0.5, maybe more before starting wave C down. Wave (1) extreme (if it is wave (1)) is $55.18, so any drop below this price will invalidate the count - unless it is just by a wick. Wave (5) target still $89+
The current progression being sideways and overlapping seems to be a Triangle formation with the current progression being in the Wave (d) of the same. If this is the count market is following then once we have the Wave (e) complete to the upside we can expect down move for Wave .v which can take the same to Targets : T1 : 65.94 T2 : 64.09 with SL :...
Crude currently seems to be in the ending stages of the first Impulse down from 72.87 level. This Impulse down was sharp as is expected after an Ending Diagonal is formed, from what is visible now we can complete this leg down near 64 or 63.30 level and from there form atleast a 3 legged correction to the upside for Wave 2 or Wave B which can take Crude possibly...
Crude has been continuously in uptrend since June 2017. Now It has reached 50% retracement level of Monthly Fibonacci. as well as Crude has taken resistance from the April 2017 Trend line. So today If today or this week Crude closes below 70.50 it will be bearish signal and good sell opportunity for us. So my view is bearish for Target of 66-61 in upcoming 2-3...
Just in case you are wonder how far Crude can fall: Expect the L-MLH with a high probability! P!
Crude arrived at the resistance level, where price broke down 2018-02-07. We know that if price is missing the L-MLH, we have a Hagopian cooking according to the ForkTrading BLUEPRINT rules. If this is the case, then a move below the yellow circled low point is very possible, ending this Pendulum up-swing on a higher timescale basis. P! Don't miss your Free...
Crude has now taken the low of W.W out which means that we have possible W.Y in progress of W.B of Triangle of W.X, in either case expect sideways to bearish movement here, also a pullback from near the current market level is quite likely as we are at channel support level and W.W =W.Y 1:1 equality, if this market completes the W.Y at this level then expect a...
I currently have 2 counts that I'm following in regards to Crude, the first one above (Red only the Red labels) is taking the current Wave iv progression as a Triangle and the other one down below is taking W.iv as a Complex Correction. As per both of these counts the Invalidation Level is coming around 58.56, which means that a move above that level would...