Either the 0 fib or it bottomed and 59 bucks is next.
West Texas Intermediate Crude Oil Midterm forecast: The current trend is downtrend but the forecast is beginning of uptrend. Technical analysis: While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 54.65 on 12/04/2018, so more losses minimum to Buy Zone (51.30 to 49.50) is...
Midterm forecast: The current trend is downtrend and the forecast is continuation of downtrend. Technical analysis: While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 49.45 on 11/29/2018, so more gains to resistance(s) 52.20, 54.10, 56.00 and maximum to Sell Zone (61.85 to...
We are at an important decision for WTICOUSD, here are two very possible outcomes . The first is illustrated with the green arrows, and the second is in red. I trade triangles as a continuation pattern rather than a reversal pattern, so I am looking for an upside breakout of the triangle with a retest confirming we will move higher. If we break to the downside of...
These zones are calculated using Fibonacci Ratios of past price moves. Fib extensions and retracements are projected forward in time and price. If price bounces or reverses, it will probably do so at one of these zones. Some zones will match previous highs and lows, since Fibs are derived from the extremes. Some zones will not match anything previous, but they...
Decisionpoint: break or reject. Rejection candles on the bottom show good potential breakout
This is an idea to ADD to my Shorts. I originally went short per this plan: Now looking for spots to add more shorts, because I am pretty sure it will dip some more, hopefully to the targets shown.
Have been heavily short for a while now. Looking to add more shorts on bounces as I think it will drop more. My entry points are based on Fib Calculations and Confluences thereof. This entry triggered by this plan: My shorts first started with this plan:
Weekly chart is showing that the upside momentum is slowing down which may indicate the first move of a downtrend. If price goes above 67.60, bullish outlook. If price goes below 65.60, bearish outlook.
Good bounce and confirm on the ascending wedge breakout from a month-or-so back. See original analysis.
Not time to short this sucker yet. Bullish body parts on the weekly. I would buy dips. Shorting this might land you in the emergency room. Short-term - $69 ABCD completing Medium-to-long term $100 - Head and Shoudler bottom Adam + Eve bottom on weekly.... $190+... (umm....) A little far fetched? The stars can always align. I'm Bullish AF Fundamentals? War...
Weak bull correction, strong possibility of a short, we have a flat abc the upside and price unable to break 57.83 for the 3rd time.
See a nice run too $59.17, then look for support @ $58.56 wait for pullback on the 5 or 15 minutes. First and second leg already created have fun!!!
Idea: WTI short to the next 4hr support area with possible further selling. Looking for downside to 53.52 DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade...
IDEA: Daily Pivot up, Trade Daily S1-R2... Buy the dip Technicals: Daily Average Pivot and the trade entry pivot are at the same point. Expecting this to cause strong support for the long move @ Daily S1 Pivot 49.036. Profit target set at Daily R2 Pivot 51.082. Looking for Fibonacci support on the way up to profit target. Fundamentals: North Korea fired another...
WTI has recently bounced long but in the previous sessions it is drifting without any strong directional confirmation. For the upside to continue I am expecting price to hold long above the 45.65-45.80 zone and also show increasing strength through 46.70-46.94 to confirm upward pressure. DISCLAIMER: This is where I practice ideas and work on my trading...
Crude Oil sold off today, falling .43 points and continuing to stay well under the 7 day moving average. And while the haDelta indicator last Tuesday gave a potential reversal signal (see the yellow circle?), there is no indication that the downward wave is finished. The bottom indicator is the Elliot Wave Oscillator. It, too, is showing strong downward...