4XSetUps
Long

CHEVRON @ 15 min @ last big Resistance around 109.27 left behind

NYSE:CVX   CHEVRON CORPORATION
2014 CVY was traded between 109.27 (low before ATH ) & 135.10 ( ATH )
Important is my opinion, from the technical point of view also the fact, that the 1st Downside Wave after ATH (Aa, Bb & Cc ) created a last high (C) by 120.17. And this should be also the first target into 2017 ...

  • 1st GAP bewteen 113.14 & 112.48
  • 2nd GAP between 112.55 & 112.07
  • 3rd GAP between 111.28 & 110.64
These are all buying oppurtunities - this week & next week.

Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)

Best regards
Aaron

Trade active: 114.41 to 114.91 next buying back area - after 1st Outbreak :)



target still of 120.17 at least - is still in play
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