timwest
Short

Crude Oil WTI - CLZ2014 - Daily Time at Mode Analysis

NYMEX:CLZ2014   LIGHT CRUDE OIL FUTURES
413 15 15
Analysis of the downtrend from the high in June:

Initial 6-day mode sets up and target reaches - both time and price.

The next mode sets up at 99 and is 11-days and both time and price projections are met.

Another 11-day mode sets up and almost reaches the projected target before rebounding and collapsing after 11-days expires.

A new 14-day mode sets up at 93 and day-1 of this 4+ dollar range projects a drop to 89 in the next 13 days (today is day 1).

Tim 91.32 -1.08 - basis December Crude Oil             - 2014
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http://prntscr.com/4z6pnd 77/75 eyeing if brkdown
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Almost a bullseye - So close to the target at today's low.
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Bottom perhaps? Time to turn this trade?
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timwest PRO littleriver
I have been patiently waiting to buy. I covered my Short CVX though.
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Thanks me too.
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I think in time as much I do price as well... just wish I knew how to place a trade based on time as well as price...
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Tim, if price moves back up to that 14 day consolidation area tomorrow or the next day, does the consolidation period continue or has the train already left the station, so to speak, on that scenario?
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timwest PRO mika2k1ff
If it touches the 14 day price, then the clock resets and the consolidation becomes 15 days. The signal triggers when an entire session is below the now-15 day level.
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mika2k1ff timwest
Thanks, Tim.
+1 Reply
timwest PRO mika2k1ff
So close to the target at the low today....
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