broswer
Short

2618 setup on OIL?

NYMEX:CL1!   Light Crude Oil Futures
76 1 1
Double tops appealed on 4hr chart, retracement did not pass 0.618 neck line three times. Possible large pullback on tomorrow or next week.
Im wary on this because although we got double top, volume was low for finishing a cycle and no convincing shooting star to confirm end of cycle, we could be forming a left shoulder, might drop to 47 then ping up to 51.5 which is 1.27 fib of 1st wave..I aways ask myself is that a convincing a double top, it doesn't convince me , its traders shorting at 50 which is a nice round number, like gold recently formed a base at 1200 cos its a nice round number to trade off but not the end of a cycle...
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out