@EriphillChonde, Haha thanks, i didnt take the tradde though, i rarely trade forex, mostly commodities and stocks. And i was trading apple and oil today. But i saw your chart when you put it out because i follow you and watched how market moved after it :)
@EriphillChonde, Oh yeah and it is not done, look at it on the monthly, it was exactly here, last year at this period. And i market continues to follow history, it will keep dropping to retrace other steps. Next target for supercycle drop is 45, which the wick touches 41. Next target from there will be around $33 with the wick going as low as $25, and it was at this rate that the supercycle bull had begun before we entered bear trend. Also daily and weekly resistance and MacD have been broken and i just saw today that monthly MacD just turned bear too. And the mula is plenty on this drop believe me. Another market that follows crude's movement like a twin is brent oil so that is an alternative to get into instead. Polar opposite to both markets is Natural Gas, as oil dumps, NG shoots, it rail fails on this You should check markets out on the monthly and analyze. And has not failed me that a handful of markets seem to be in major bear trend, this cannot be a coincidence, but that is beside the point for now, just make some money I say :)
Dani0
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@Dani0, Sorry for the typos, did not prood read lol