Nezah

Nezah Updated 

Here we go!!!! BOOOOOOM! :) Called this setup yesterday. Bullish divergence on RSI playing out. Closing above green line would be great confirmation play.

Nezah

Chart self explanatory.

Nezah

RSI leads the way... this... should be fun.

Nezah

analysis on chart. Past bull cases obviously failed. Always be prepared for the worst. This is why you have stop losses.

Nezah

I'll believe it when I see it. LOL

Nezah

Oil broke out of its major bear flag (Blue) in October last year, creating a potential bearish ascending wedge (also Blue). Last month we see that it broke out of that major wedge as well. In addition, last week it broke out of a sharp medium-term ascending wedge established in September (Red). The question is - where will it consolidate? The bull flag break-out...

Nezah

on chart

Nezah

analysis on chart

Nezah

analysis on chart

Nezah

"analysis" on chart.

Nezah

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...

Nezah

This doesn't mean there aren't market fake outs - of course there are. But this is a pretty cookie cutter setup .

Nezah

Last long position obviously would have got stopped out. Here is second chance to try with this setup. Stop loss is even tighter now. Any bear move should stop you out - but that doesn't mean you shouldn't try. Low risk, high reward trade here. Its okay to lose a few of these in a row. Pick yourself up and keep looking for setups imo.

Nezah

Price is in a consolidating pattern as you watch it coil, making lower highs and higher lows. A break of this pattern will signal the next move. RSI will lead the way (as usual).

Nezah

The good: Weekly chart bull flagging as we see coiling action in medium-term time frames. Higher-lows. Higher-high established. Fighting for next... The bad: 50 daily SMA is now acting as resistance. All moving averages are acting as resistance on daily. Bear volume still outpacing bulls on daily chart. Decision Point Round 3... not yet. Will update if I manage...

Nezah

analysis on chart

Nezah Updated 

Let's break the ATH before we call it bullish alright?

Nezah Updated 

Almost a perfect 618 fib retracement. The upside definitely justifies the potential downside here. Long imo.