MaryJane
Long

Is it time for a counter-attack?

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
1109 6 59
5 months ago
We have reached the illustrated fibo-niveaus of my Main Analysis. The bearish Sentiment is still present....The RSI weakly signs a possible Rebound - but there is no "real" Signal yet - the rsi only Shows that the Situation is a bit oversold in that timeframe - will we see a dip to 40.5 today? Between 40.5-40.75 i exspect a shortterm countermove .
- i am not a friend of anticyclical counter-trades - so i stay flat and Keep on watching.
Dear Followers - i am really interested in YOUR views, YOUR ideas, YOUR Patterns-
Comments are welcome agree or disagree THX

Former Analysis:
Still seems bearish ...next shortterm target 42,3$?
https://www.tradingview.com/chart/CL1%21/z5XfNPty-Still-seems-bearish-next-shortterm-target-42-3/
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https://www.tradingview.com/x/GhsAZ13C/

After the in my former Analysis exspectet break of the 44,5$, the downtrend and bearish momentum accelerated..
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Shortterm view: Smells bearish
https://www.tradingview.com/chart/CL1%21/fEIRUevd-Shortterm-view-Smells-bearish/
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Shortterm view: Oil             reached an action point @ 44,5. For me it really looks bearish ..the only thing that makes me thinking of is the oversold RSI ..because of the oversold situation i have illustrated the alternative way of my view (orange arrow). Prices below 44,5 are bearish - the tp copuld be 43$
Comments are welcome - agree or disagree !
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Main Analysis:
Can this be true? Dez 2016: 75$ ???
https://www.tradingview.com/chart/CL1%21/Jjjwoqc5-Can-this-be-true-Dez-2016-75/
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What do my tired eyes see?? Isn`t it a big bottom pattern in form of an exemplary H&S?
The RSI signs, that there is still a bit air on the downside. A dip back to the 38,2 fibo @ 41,92$ would be great. A dip to the 0,5 fibo normal and a dip to the 61,8 maximal.
If this level would be bought, a H&S is being formed. Prices above the neckline could interpreted as a BIG LONG SIGNAL.
I have illustrated the possible TPs in my chart

5 months ago
Comment: DING DONG!!! TP reached - cheers!!!
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5 months ago
Comment: microstructure:
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5 months ago
Comment:
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5 months ago
Comment: perfect! Have a nice weekend
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5 months ago
Comment:
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5 months ago
Comment: wedge triggered - here is the result
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5 months ago
Comment: a downflag again?
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5 months ago
Comment: flag triggered, main Trigger is active if oil < 39.79$
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5 months ago
Comment: Main Trigger defended! Flag isn`t active yet, perhaps a Double Bottom will be formed? Trading below 40.30/40.70 remains bearish
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5 months ago
Comment: the double bottom is unfolding it`s power....we have nearly reached the BO-Level - this is the next action Point - this is the min. correction fibo 38,2 (possible Turnaround Level)
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5 months ago
Comment: jupp! contermove reached the 0,5 fibo..let`s rock!
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5 months ago
Comment: 0,5 fibo was to hard to beat.....sellofftime...
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5 months ago
Comment: Oil again reached action Point
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5 months ago
Comment: now a H&S?
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Related Ideas

ardi.kota
5 months ago
yes
Tuesday start long
Reply
CezaryS
5 months ago
the firsrt trade i followed you and won! I see much more which could be won as well, but you leave to much desicion for me :) not enough knowledge = indecisiveness
Any way thank you, you are here.
Reply
KVARA
5 months ago
Hey MaryJane, been following you for a little while now. Great job! :)
I'm waiting for WTI to enter the blue box to look for potential longs due to fib confluence area. What do you reckon?
Reply
KVARA
5 months ago
snapshot
Reply
bcelepoglu
5 months ago
after tp2 37.5 i think we go long for oil.Its a fundamental analysis.In 3 months oil will be 20-25$
Reply
Dguaman
5 months ago
Let see if we can catch this one too >.< :D !
Reply
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