cjwaves

cjwaves

not sure if it will just be a larger relief bounce or move towards ATH's again, be on the watch for a dead cat

cjwaves Updated 

dont believe the headlines

cjwaves Updated 

natty's been a bit difficult, but has just made a very constructive move off a key level that fits perfectly for a low, im going long on a pull back likely into report thursday or sooner

cjwaves Updated 

this downside actions sure looks complete and set for a major reversal

cjwaves Updated 

Followers know i've been tracking a diagonal to potentially end the decline in natural gas. This diagonal is still very much intact and may be close to resolution. As you can see c=a in purple will likely tag the lower trend line of this diagonal which is also a key fib in the larger move. The bounce we get from this area will be suspect unless we get well above...

cjwaves Updated 

since i called the november top, thought i'd call the the bottom too. TV wants a detailed description, so its an ABC with a diagonal C of which the 5th has a funky wxy with a diagonal c. so there you go! Im expecting targets above the november high, unclear where exactly but hopefully this winter. Good luck.

cjwaves Updated 

should head below August lows

cjwaves Updated 

target below october lows

cjwaves

stop out above 3021, target below aug 5 lows if correct

cjwaves Updated 

worth buying the next low to see how strong the bounce is, exit a weak one

cjwaves Updated 

Just a trade, dont stay in because longer term this does go lower, first we have to shake off some bears, and there's a lot kicking around lately

cjwaves Updated 

standard 50% retracement after 5 waves up. This should be a big winner.

cjwaves Updated 

should drop towards the .618 retracement for a second wave long entry for a lucrative 3rd wave. not too hard at all to see the zig-zag combination with an X wave triangle correction :)

cjwaves Updated 

look for a healthy correction after this possible wedge plays (towards the previous wave iv or 50-61.8% or so) for a generous long entry and a 3rd wave

cjwaves Updated 

as the pic says, should give an up down up before large move down

cjwaves Updated 

This is for the trader with balls made of steel. The recent rally has been...unattractive and hard to get a good read on. Regardless, here we are. The rally appears to be fatiguing into an ending diagonal for the 5th and final wave up (for now). The most conservative trader will wait for a pull back towards C on the chart and then BUY this bull market up with two...

cjwaves Updated 

Path one in black, we finish at Y=W (or the .618 below around 1170-1180) before moving to new highs. In this scenario we should first get a bounce to 1260-1280 before dropping to Y=W. If this bounce keeps going without heading back down towards y=w then we are likely on the second path in blue which is a triangle pattern. Entering long at Y=W is sensible being...

cjwaves

If oil stays under 46 we have much more downside to come.