Technical shortterm overview

NYMEX:CL1!   Light Crude Oil Futures
372 9 15
Is this a bearish wedge?
Comments are Welcome -i am interested in YOUR ideas! How do you trade that?
Regards Mary
Comment: Wedge is active
Hi Mary Jane on your graphs I don't understand the for example 0.618 or 0.382 can you explain?

Thanks Steve
it looks like we will go up, this chart is bullish.
yes, indeed....the daily is STILL bullish. But for further upmoves, oil has to trade above 45.5 respective 46.5$
I constructed a one hour chart and my readings were 50-50. The indicator I use for trend (Chop) is telling me that currently there is no trend. The traditional indicators (phase energy, RSI, MACD) are working their way to over-bought. So, if this were a vote in the US Senate (which seldom happens!), the tie-breaker would go to the last valid sell Fractal I saw on September 6th at 8 PM CDT, which was 43.84. Because of the choppiness in the price action, I would be more bearish than bullish. If the price fails at 45.64 and reverses, your bearish wedge would be accurate. You have constructed a very good chart and we can see where the breakout/ breakdown apex is likely to be. Would I take a position now? No, I would wait for the trigger. Don.
hey Bruno..thx for your comment, but i don`t agree with you. Especially in the hourly Chart i see a clear downtrend wghich is still dominant,as Long as we trade below 45.75/46.5
649bruno marihuana-aktien
I am bearish because of the sell fractal. The one hour chart did turn negative since I wrote my comment, but the two hour has not. So, we are in agreement on the bearish objective. I just wanted to await further confirmation. Don.
its a bull flag
hi ranggarao..where do you see a flag?
rangarao73 marihuana-aktien
in line graph i saw
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