TWITTER BOUNCING OFF SUPPORT NICELY..... POSSIBLE 3 DRIVE TO A NEW LOW.... ANY HIGHER LOW ENTRY ...STOPS ARE BELOW THE LOW.
POTENTIAL MOVE BACK UP TO $30.....OR LIQUIDATION TO $9 PARAMETERS ARE SET.
A BREAK ABOVE CAN LEAD TO TARGETS OF $45-$48 IF NOT HIGHER OR ANOTHER NEW LOW TO $18-16
IF LONG, STOPS ARE BELOW LOW OF THE MOVE. NEW ENTRY FOR HIGHER TIMEFRAME IS ABOVE WEEKLY HIGH TARGETS AND "MANAGEMENT MODE" PRICES ARE ON CHART
WEEKLY PERSPECTIVE.... 26.06 - 23.80 MIGHT CAUSE A REACTION.....LOWER TARGETS OF COMPLETION ARE STILL IN "TIME" $CL_F $USO $DWTI $UWTI $OIL $XLE $DTO $UCO $CVX $XOM $HAL $EXXI $SCO $ETE $XOP
CRUDE IS TESTING SUPPORT....THE DIPS INTO THAT SUPPORT SHOULD CREATE SHARP COUNTERTREND MOVES. THE TREND STILL REMAINS DOWN......AS PRESSURE IS BUILDING.
Before and After... The Short covering moves may be quick and fast....
POTENTIAL SYMMETRY MOVE......IT LAYS OUT THE PREMISE FOR THE EMOTIONS IN THE MARKET. THE MARKET IS ALWAYS RIGHT. ONLY "PRICE ACTION PAYS.
Be prepared for anything.....Markets can go lower and extend faster than most people think. "25" may bring a short term bounce if it gets there. Only follow "The Language of Price". It is all that matters.
Frame your support and resistance. Know the geometry and technical levels that cause a response. Study the chart for "Repeatable Pattern" and exploit your edge.
FOLLOWING THE PATH...POSSIBLE SHORT TERM BOUNCE...PRICE ACTION MUST CONFIRM BUT STILL 26.60 LOOKS VERY POSSIBLE ON THIS SWING TARGET
At the bottom of the Support Area.....No signs of any Positive Price Action..... On "Hurry up and Wait Mode"
15 minute Entrance..........Panic moves create opportunity....it all depends if you know where to look for it.