RDSA to 20Shell finished wave 1, With nice 5 waves inside of wave 1.
Now wave 2, 3 waves downside to cool down.
After this is finished wave 3 will be massive.
RDS
Royal Dutch Shell (RDSB) wedge and gapclose 18.70Pretty much selfexplanetory.
Downward wedge usually breaks out up.
Incredible how the calculated trajectory exactly matches the gap (at 18.70).
From there on probably another (limited) ride down.
Strong SELL SHELLThis could be a Shoulder-Head-Shoulder formation, which means 11-12$ could be coming again soon. Oilprices have a difficult time too and put a lot of pressure on the oil industry.
Potential 10% drop in RDS.ALast 2 weekly forecasts were reached. Now a drop in price is suggested on the monthly. Option pricing isn't great based on the suggested duration and leaves a small margin for error. Could be a play to buy puts if earnings estimates miss tomorrow.
