CryptoBubbleGroup

CryptoBubbleGroup

Another one on our list of us energy stocks which we think are currently in a corrective wave. The first condition we are waiting for is the breaking down and out of the lower trend line. Once that is breached then we will be watching in lower time frames for a retest & rejection or a corrective pattern to sell from. Once these conditions have been met we will...

CryptoBubbleGroup Updated 

As with all the other us energy stocks we have been following it has been making a corrective structure for 2016. This appears to be breaking down as only recently MRO has broken down and out of the lower trend line. Our trading conditions have been met now with it breaking out and down, retesting & rejecting so this we will be making a short trade here.

CryptoBubbleGroup

This chart is hard to get perspective but on the daily the corrective wave has been going since 2009 ... crazy!!!! Anyways it's a sell setup on the lower trend that we will be watching out for. Keep in mind you would have been waiting years for it to break and even in 2015 there was a false breakout. Either way the setup is there and given the risk reward its...

CryptoBubbleGroup

Chesapeake is currently on our radar with a rather messy corrective wave. There is a sell setup marked with the trend line which we would where we may short after a retest & rejection. We probably won't though as there are concerns that it has already fallen very far! The other big us energy stocks still had a long way to go down which indicates to me the market...

CryptoBubbleGroup

Hi Everyone, we discussed this stock in our us energy stock screencast and identified that this was a short setup to keep an eye on. There aren't any tradable opportunities immediately but we will be watching for a bounce off either the top or break through the bottom. After that we will be looking at lower timeframes for a retest and rejection.

CryptoBubbleGroup

We have been watching the us energy stocks and looking for signs of a break down. COP is one that appeared to be in correction and has just recently broken down out of the triangle. We're watching for a retest & rejection and then will be selling.

CryptoBubbleGroup

Hi Everyone, there is a sell setup playing out here for BHP on the London Stock Exchange. We are waiting for the break of the lower trend line and then will watch it on a lower time frame for a retest and rejection. There is also a potential for it to bounce up to the top trend line where there would be another opportunity to sell although that would be higher risk.

CryptoBubbleGroup

Hi Everyone, there is a sell setup for RIO -0.89% on the London Exchange. It is in a corrective ascending triangle which we are waiting for to break down and out of. A high risk entry is available on lower time frames now which could bounce up off the lower trend line but otherwise we will wait for the break and retest of the lower trend line for the sell.

CryptoBubbleGroup

Hi Everyone, AAL is looking corrective so we are waiting for it to break out of the lower trend line or bounce again off the top trend line. Once the trend line is broken we will be watching it on a lower time frame for a retest or consolidation before placing the sell order.

CryptoBubbleGroup

Hi Everyone, hope you are all doing well. Glencore (GLEN) appears to be in a corrective structure so we are waiting for the sell setup. Stay tuned for updates as the trade become active.

CryptoBubbleGroup

Btc has been consolidating in a triangle pattern after an impulse. The triangle can't continue and the breakout looks to be on the upside with it making higher lows and also fundamental reasons( eg. china yuan devaluation, btc behaving a bit like gold)

CryptoBubbleGroup

Oil is consolidating in a triangle. It has had one impulse down and a corrective wave back up so lets see completes the 5 wave pattern.

CryptoBubbleGroup

Oil is falling, risk off theme & the potential for the cad trend to reverse. Wait for a and opportunity to go long from this support / supply zone.

CryptoBubbleGroup

Any rallies into the range of 2107 - 2112 that hold resistance can be sold.

CryptoBubbleGroup

Sell the rally if the resistance holds.

CryptoBubbleGroup Updated 

Looking for a short somewhere between 2105 - 2110 Reasons for the trade: Dollar strength due to planned rate hike Volatility from devaluing Yuan Top of a downward channel Strong resistance that hasn't been broken yet Initial target would be the bottom of the channel but could be lower if it breaks that.

CryptoBubbleGroup Updated 

Oil may not have topped out just yet but this rally is atleast ready for a pull back before either going higher or breaking down & out of the channel.

CryptoBubbleGroup

Key level of 1.3 has turned from resistance to support. I'll be waiting for a bounce at around 1.295 and will then go long.