rell88

rell88

x to a impulse finished which has caused B leg to stop at fibo 88.6 usually at a 88.6 percent retracement C leg completes at a 88.6 retracement of A to B followed by a long term buy to finish off the D leg of the deep crab... Let the pattern play out and follow the guide

rell88

Price made a W followed by a impulse leg and consolidation to make a bull flag. If flag is broken to the upside tp will be the next level of structure

rell88

possible long price is at major support where there has been multiple rejections. take profit at next level of structure

rell88

4hr trendline being respected retraced down to 78.6 and double bottomed going long to the 113 fibo extension

rell88

all fibs line up so far for a confirmation of a bullish bat pattern tp at 88.6 of x to a impulse leg

rell88

double bottom with a possible retrace to trend line ...go long if rejected

rell88

bull flag wait for break above or buy at support of the continuation pattern (Bullish Flag)

rell88

We have a Bearish Bat pattern B leg stops at 50% from X to A C leg stops at 38.2% form A to B D leg expected to complete at 88.6% of X To A move

rell88

Oil has been steadily rising i expect a retest of the trendline or a break and retest of the hns pattern then drop to the 38.2 fibo where the next level of structure is before it continues to rise TARGET 51.13

rell88

Uptrend Channel with price bouncing off support of channel to carry price up retracements near 61.8 and 78.6 % fibo target extensions are 127 % at 1.07063 that percentage is also right underneath structure

rell88

Potential trend continuation at the 38.2 and near this trendline angled downward. im expecting a rejection if so then by rule target is at the 161.8 fib extension which is also where impulse leg of initial push started from. If you notice above we also have price inside of a Broadening ascended wedge pattern. These pattern indicate price will drop.

rell88

looking for trendline retest then sell