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
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
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
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...
