Large cup and handle pattern with hard resistance above at long entry level. CVX has made 4 attempts to break this level in the recent past without success. Long term high is 135.10 and 3 year high is 127.60 so it has been above this level before. It may just be a bit tough to get past it as it has been reinforced on several occasions which can make this level stronger. The cup can be seen easier on the weekly time frame. Triple bottom near handle low.
The Alligator indicator is a trend indicator that consists of three lines – smoothed moving averages. Bill Williams called these moving averages balance lines. Each of them depicts a part of the alligator’s mouth which help in identifying a trend and its direction. The Alligator’s Jaw (Blue line) is a 13-period Smoothed Moving Average and shifts by 8 bars into the future. The Alligator’s Teeth (Red” line) is an 8-period Smoothed Moving Average and shift by 5 bars into the future. The Alligator’s Lips (Green line), is a 5-period Smoothed Moving Average and shifts by 5 bars into the future.
The Alligator indicator is a trend indicator that consists of three lines – smoothed moving averages. Bill Williams called these moving averages balance lines. Each of them depicts a part of the alligator’s mouth
The alligator sleeps, or consolidates, then wakes up as the moving averages show the trend with an untangling of the smoothed moving averages. The SMAs need to be in chronological order with the smallest or fastest, the 5/green/on top. The idea is to wait for the averages to untangle and point to the trend.
Bill William created the analogy with the alligator to describe the behavior of the market, according to the phases of the alligator’s daily routine. For example, the time of the trend absence or sideways moves relates to the alligator’s sleeping. After, the alligator wakes up and looks for its prey – it’s a period of the trend. The trend strength depends on the length of the sideways trading as the alligator’s hunger depends on when it was sleeping.
Traders use this indicator to determine the lack of a trend, a period of the trend formation, and its direction.
No recommendation. Market movement is based on human nature which really never changes.
The Alligator indicator is a trend indicator that consists of three lines – smoothed moving averages. Bill Williams called these moving averages balance lines. Each of them depicts a part of the alligator’s mouth which help in identifying a trend and its direction. The Alligator’s Jaw (Blue line) is a 13-period Smoothed Moving Average and shifts by 8 bars into the future. The Alligator’s Teeth (Red” line) is an 8-period Smoothed Moving Average and shift by 5 bars into the future. The Alligator’s Lips (Green line), is a 5-period Smoothed Moving Average and shifts by 5 bars into the future.
The Alligator indicator is a trend indicator that consists of three lines – smoothed moving averages. Bill Williams called these moving averages balance lines. Each of them depicts a part of the alligator’s mouth
The alligator sleeps, or consolidates, then wakes up as the moving averages show the trend with an untangling of the smoothed moving averages. The SMAs need to be in chronological order with the smallest or fastest, the 5/green/on top. The idea is to wait for the averages to untangle and point to the trend.
Bill William created the analogy with the alligator to describe the behavior of the market, according to the phases of the alligator’s daily routine. For example, the time of the trend absence or sideways moves relates to the alligator’s sleeping. After, the alligator wakes up and looks for its prey – it’s a period of the trend. The trend strength depends on the length of the sideways trading as the alligator’s hunger depends on when it was sleeping.
Traders use this indicator to determine the lack of a trend, a period of the trend formation, and its direction.
No recommendation. Market movement is based on human nature which really never changes.
Comment:
Comment:
If CVX gets though that R, I want to Know how and I will run away with CVX!