A weekly high is about to be touched which is a good opportunity to trade a fade
CL was trending bullish but on Friday reversed and closed back below the daily high mapped out on the chart. Now I would be looking for it to touch the daily low.
CL daily chart is starting to show a squeeze potential for large moves upward
CL had a nice spike that returned it to its long trend. I see this continuing overnight and will use the new fib to find good targets and stops to place overnight trades.
support from two fibs and higher lows begin to show a trend reversal back to the daily trend
CL is hitting new daily lows. Looking for it to get close to a large S/R on the daily and then move back up to the previous low
Disney had a preview for Disney+ while I am personally impressed with what they will be doing there stock SURGED way overvalued for a service that isn't coming out till November. Get ready for a pullback! If you want to go long wait for the pullback then go long!
CL has been long for awhile and recently spiked and hit a large resistance line, we can expect it will continue to be short down to S1 potentially to S2.
NQ has been a strong bull but its recent divergence and inability to breach resistance shows good signs of a short for price correction before continuing with any bull trend.
GC has been caught range bound, looking for it to go around the lower support from multiple days (lime green) to resistance from prior days (red line) following the same general trend from the daily (black line)!
ZF is caught in a range and has hit the top of the range according to daily support and resistance lines. Potential profit at middle minor resistance / mid range (yellow line) or at the lower daily support (black line).
If CL hits the bottom black line then there is major support long on the daily. Looking for a push up to the minor resistance (yellow line) or weekly resistance (pink line)!
ES already tested the daily support line, I am thinking it will test it one more time before moving to the minor resistance (yellow line).
NQ reached a three day supported trend line (black) and has failed to breach close beneath it 6 times. Potential for long. Minor resistance at the yellow with MAJOR resistance at the pink (weekly). Please let me know what you think!