PLAYBOYP416

PLAYBOYP416

Think we have one more leg down before a good solid bounce Leaning towards bullish for April but not convinced

PLAYBOYP416

March 27: got the oil price to drop we were looking for this month; bids catching sub-70. In April want to see lower tf MS shifts, fuelling a rally over Q3+Q4 towards Wave B Oil rally not good for mkts

PLAYBOYP416

Just posting this for my own reference/journal Originally written on Mar1/23

PLAYBOYP416

Sun 03/27 ~ Got the rejection we were looking for off the “key” support and mkts pumped. Saw a HH into LL @ gfib; a setup for reversal. Next wave should form LH Us govt reversed 2/3 of QT recently so could see weakness in 2yr over coming months Rmb Bonds down, mkt up and vice versa

PLAYBOYP416

just for fun. imagine this was all one giant decades long massive rising wedge? the only catalysts i can think of are aliens invading or world word 3 officially kicking off

PLAYBOYP416

From a technical standpoint , I can count 4 waves up off of the low, with the 5th now forming in a rising wedge. The rising wedge is rising into a key daily supply zone ($66.50-$70), which is a fresh level and sold off heavily last time we were here. This price action is also taking place below a major monthly resistance. Technicals are suggesting a short...

PLAYBOYP416

key resistance broken - waiting for retest and entry. TP at midchannel trendline