smalltimetrader

smalltimetrader

It could go into 52.30 area, but not too much higher. We still have a eveningstar bearish pattern on weekly, that is still holding. I think we will have a Sell soon.. and before the big Opec meeting at the end of November it should rally again. I can see 48 area coming up. GL let's see if that materializes

smalltimetrader

bearish divergence, CCI reentered, wave count looks completed

smalltimetrader

i think it will retrace to 38 or 61% area then commence down to at least 43

smalltimetrader

i think this might retrace back to 38% or even 61% area then commence down to at least 43

smalltimetrader

i guess we have a new channel. let's see.

smalltimetrader

Since we broke down that support and retested that middle BB, i think we head lower at least to the median line which also would be 61% retracement of that up wave. We will see.

smalltimetrader

since we bounced off the pivot and middle BB line i think it will go up. lets see if that channel holds. on daily stochastic and RSI are pointing up. macd is about to cross up.

smalltimetrader

had to update my previous idea. timing was off. I hope this time it's right

smalltimetrader

theres a good chance it is bouncing off 61% fib retracement,(18th April 2016) which is right at the support. I'm still long to 46.

smalltimetrader Updated 

i think thats map for the next hours

smalltimetrader Updated 

updated version with a channel. Breakout under triple bottom support.. I think it will retest that line and commence lower to about the lower channel.

smalltimetrader

Price action points up imo. Current channel top would be around 46 which also would be a bigger resistance. good luck. we will see in the next hours or maybe days.

smalltimetrader

Since it did breakout, i will be waiting for a retest and then enter a short trade.

smalltimetrader

This could be a triple bottom or a triangle with a flat bottom. Its a buy down here with a SL under the triple bottom or a breakout trade to the downside.

smalltimetrader

adjusted channel short term looks like down,.. daily is more sideways, maybe even bullish

smalltimetrader

since there are multiple sell signals on ichimoku i have updated the channel to a steeper one.

smalltimetrader

i think thats the new path for next week

smalltimetrader

let's see how it will develop 50% fib retrace is very possible