MaryJane
Long

Is this the Bottom?

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
574 4 31
5 months ago
Main View:
CAN THIS BE TRUE? DEZ 2016: 75$ ???
snapshot
https://www.tradingview.com/chart/CL1%21/Jjjwoqc5-Can-this-be-true-Dez-2016-75/
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


Former Analysis:
IS IT TIME FOR A COUNTER-ATTACK?
snapshot
https://www.tradingview.com/chart/CL1%21/DywbkWgL-Is-it-time-for-a-counter-attack/
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

5 months ago
Comment:
snapshot

Introduction into 1-2-3 Trading Pattern
5 months ago
Comment: Flag triggered..perfect!
snapshot
salarfeen
5 months ago
I see a retracement till 44.5 then a bottom at 35 before bouncing to 60 or so.

I will heavily short at 44.5

Reply
karol1
5 months ago
because i dont have as big knowledge as you have. just say: I'm impressed. Your chart analysing for me is so clear... thank you
Reply
managingbiases
5 months ago
good analysis :)
Reply
Dguaman
5 months ago
Change of view, or you still long??
Thanks
Reply
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