WTI Appears to be topping out at previous structure. Will we see downside again?
Waiting For Reach Sell Level Reasons >> Wolfe Wave / Fibonacci Area / Resistance Area .
Two days ago I posted an analysis, which expected a correction after a breakthrough of the significant level $41 which made the price to rise even higher without any correction. Now, when we have a clear evidence, that the correction takes place, a various scenarios can be made. Considering the fact, that we are in a continual uptrend (series of higher highs and...
Entry: 41.18 S/L: 42.15 A short position revisits as upward pressure seems limited so far. My previous short-position stopped out; v-shaped rebound hunted my stop-loss trigger but it looks the price still on a downtrend thus I try going short again w/ similar target and SL
Some quick numbers – Globally, there are over 15 Million Coronavirus cases and 618,000 deaths due to the pandemic. An estimated 47 million people may lose their jobs in the United States alone. Oil dived into negative, an unprecedented move. However, the NASDAQ is having its best year having made a V shape recovery, Elon Musk is the 13th Richest person in the...
Continuation ! The 2nd Variant: The 2nd variant in my point of view at the present moment consists of two variants. The 2nd variant of the course of events refers to as the notorious 4th wave can take as a simple correctional formation ABC, so as a variably complex formation ABCDE ( other variants are also possible and at the present moments it is very...
Just watching the chart
Oil rushed down and I closed my short. What was the purpose? Count five waves from the end of wave b (graph on the left) and close the short. Wave 2 or b may continue. For example (the graph on the left) it can be a larger zigzag, in the wave of which the third wave ends. Well, or even wave 2 or b can go double zigzag (why not?). But when you trade corrections...
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WTIUSD H1 - Hourly timeframe, will take a fair few hourly candles to see a nice new high set and subsequent trendline test. Hopefully we can look to grab another entry next week, similar to the one we caught this week. Strong S/R and TL intersection point
Slow down in the up trend channels, so it possible to break down today.
Headlines: - EIA Posts Build in Crude & Distillate Inventories Within US - Natural Gas Data Shows Further Build in Storage - US Energy Sector Falls Along with Indexes Whilst Futures in Asia Slide
I was in this short, just closed. I see price sitting firslt on a few support levels: - A double bottom? - MACD bullish divergence - RSI oversold - Hammer formed at 200 EMA (1 hour) I would like to see price make it a little further north, that trendline goes back to March 10th.