IvanLabrie
Short

Crude oil (WTI): Get ready for a meltdown

FX:USOIL   Crude Oil (WTI)
Target on chart, you can see how the different time at mode signals work together to give us a good idea of where price is headed.
I'll place my short orders now, hopefully I get a fill before it's too late. A retracement here would be terrific.
Good luck,
Ivan.
Comment: I had gotten out of this short at 39 and flipped long.
Then closed longs at 44. Didn't expect such a large rally!
Interestingly enough, price stopped back at the downtrend mode, see?
If it breaks up, it has legs to hit 53-56.
snapshot


Shorted at market here. No tp, will manage it. I expect a gap down open next week.
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Just a quick look from the elliott wave perspective ;)

snapshot
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The neverending fifth.
I'm thinking it's just an incomplete 1 of something else.
Maybe leading the stocks collapse?
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Sokow PRO IvanLabrie
Drop by drop :D

Yes that sounds great. Keep an eye on Apple ... like I said it will be leading to the crash (the next ... tomorrow :D )
+1 Reply
I was thinking 3 day correction minimum. (S&P and USDJPY, today was #1)
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Sokow PRO IvanLabrie
If the fear returns sooner than tomorrow. Otherwise (from the chart perspective) I also think that it takes a 3 day correction (at least) and next monday is again BLACK MONDAY!
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It'll be fun.
Hopefully another 2-5% up day for me...and down for the market.
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Quite a jump for oil. I believe it's finished some point between close today and 43.54 - interested in your thoughts. Still short minded?
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IvanLabrie PRO smitheric1970
I went long at 39.25 and closed at the top today (42.9).
Watching it closely.
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This has been really nice, last week action was interesting, not too conclusive.
My bias remains short.
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