jangseohee

Consolidation about to end!

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
3526 19 34
2 years ago
Crude oil             futures has been consolidating in symmetrical triangle pattern since May 2011.
Either it will consolidated further after Presidential Election or... look up for a downside breakout in near term.
a year ago
Comment:
Patience Will Be Rewarded
a year ago
Comment:
snapshot
a year ago
Comment: [quote="jangseohee"]https://www.tradingview.com/x/BfaCuQkH/ chart of the year 2015[/quote]
a year ago
Comment: ]https://www.tradingview.com/x/BfaCuQkH/
a year ago
Comment:
snapshot
lmsmith
2 years ago
Nice!!! Call!! Do you trade futures also?? This would have been a great reward to be desired!
Reply
jangseohee lmsmith
2 years ago
Hi Smith,
I joined TV about 5 months ago, but my own Thinkorswim trading platform was started in Dec 2012.
I still remember vividly i was still reading many TA books and one of them focus on pattern.
And this post just came in exact timing. When i started my trading, there were a lot of stop out for me, but i persist and keep learning.
This is one of the multi-multi bagger (according to Peter Lynch) that let me recoup all my losses from 2011 top (when i bought w/o knowning technical analysis) and had been handsomely rewarded until i exited all profits at 56 dollar :-)

Since it was my new post, and without any reputation no one bother to look at it haha
Reply
ZigaZaga PRO
2 years ago
WELL CALLED! *************
+2 Reply
jangseohee
2 years ago
alright, so much of guessing where is the bottom
if this channel is valid, then it has to reach 34-35 for good
snapshot
Reply
jangseohee
2 years ago
snapshot
Reply
jangseohee jangseohee
2 years ago
compare to the 2008-9 bottom, it do not see a big range or tower bottom and big red and green bar
price has made a "bottom" in Jan 15, but subsequent Feb and March bar couldnt even touch 54 and the bar is still drifting lower, this consolidation will drag on until it breaks either way.
It looks more like a bearish F flag to me
Reply
jangseohee
2 years ago
so it broke out of the red channel, still trap in blue channel
snapshot
Reply
BoonOng jangseohee
2 years ago
Seem like a double bottom in the blue channel. =)
Reply
jangseohee BoonOng
2 years ago
gotta see which way it breaks
Reply
ChimbOt
2 years ago
The professional
+2 Reply
jangseohee
a year ago
snapshot
Reply
AMBRISH jangseohee
a year ago
It looks like brake out will decide next big move in crude. Thank you for posting update.
Reply
Victor.Y.F PRO
a year ago
Thanks, nice chart. It will drop into 20 and keeping ranged from 10-40 for many years.
+1 Reply
PKA PRO Victor.Y.F
a year ago
Lol
Reply
Victor.Y.F PRO PKA
a year ago
Lol now
+1 Reply
PKA PRO Victor.Y.F
a year ago
You won't ever see 20. 10 is moronic.
Reply
PKA PRO Victor.Y.F
a year ago
Lol 10 right
Reply
jangseohee
a year ago
snapshot

Oil pipeline index
Reply
AMBRISH jangseohee
a year ago
Chart of the year. Master Piece.
+1 Reply
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