counting waves again being on the pivot support and bouncing total traders positons up doesnt seem bullish just now
In 1h time frame price has broke the channel u can wait for a pullback or sell it now depends on your strategy
Great Channel have been broken and retest is complete its pretty an expanding trangle at the end the movement I see an impulsive wave in down trend
This is the end for an impulsive wave and its dangerous to buy 4200 level is not gonna be broke
Analysis on based on waves, fundamental condition is not good enough highly suggest to have tight stop losses
A longterm review of Exxon mobil ratio on Crude Oil it seems an upward trend in crude oil which can drive xom to high targets u see on chart $XOM $wti
a bearish view in stock market as i see many stock stuck down after coronavirus crash, faang index hold its rally top now its time for spx to correct this movement and balance some market caps this correction happens by faang stocks while other stocks could maintain their slight bullish movement
China Conflicts with us and eu could make this wave happens #USDCNH #USDCNY
i am optimist on indices and oil conflict will be over soon and i hope not to dump market more #wti #clf #brent #marketwatch
wave analysis without any fundamental and economic view
its only a little piece of chart hope this scenario occure in future
chart of wti is full of h&s patterns and this one is next maybe
in the previous chart it doesnt touch E and Start a third wave but in the way to touch the high(maybe an ATH for gold) theres a strong resistance although it can continue to touch high, i think its not right time for long setups and opportunity for sell for professional traders