YaKa

WTI - Decision Time Imminent

FX:USOIL   Crude Oil (WTI)
345 17 5

44 is important support.

the 13d ema has been respected in close almost every day since the beginning of the collapse and is now at 47ish.

Below 44 > more trouble with potential target1 at 37.

Above 47 > potentially out of the woods - I am playing that with stop 43.
No new low, smaller range in the downbars vs big range up bars, it does look like a potential buy.
52-55 isn't farfetched in my opinion.
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YaKa PRO IvanLabrie
May the gods of trading hear you:)
+1 Reply
it might take a few days to unfold.
Given the previous momentum: no movement is strength already.
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I posted this comment somewhere - now sitting at year 2014 S3 and longterm support, so this is a good place for rebound, but it takes too long, price action is not like in 2009 bottom with swings over 30 pct.
Long CCI is very weak, weekly CCI even more. If up, then only if it breaks 48.75 by daily close and room only to 53.60 (fib ext) or 55.50-56 POC area.
I rather would expect it to break down (but supports are significant - maybe that is the reason why it takes so long) to 41.50/41.15 at first and then to 34.60 yearly S1 and 2009 lows.
Lets see if it can break support down, it will be not just for sushi.

snapshot
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YaKa PRO look4edge
yes.
mainly, it s pivotal.
Question for you: how do you add the volume price bars?
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search in indicator list - volume profile, i use fixed range where is volume - futures, stocks
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YaKa PRO look4edge
can't find volume profile:((
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unfortunately you need to have pro plus subscription, i am in trial of it, but like it, i use also three line break charts and multialerts
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YaKa PRO look4edge
:(
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can post couple charts till you upgrade, if you want...
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YaKa PRO look4edge
Nice of you. dont want to disturb you with that.. would need an update frequently on wti, sp500.. forget it.. Will probably do without.
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you are welcome, here is e-mini, poc of upswing is 2068.25, poc of correction 2016.25, seems like the range, cci in corrective mode, EITHER upside break (new high AND not below 1970), OR finished at 2085.25
ew projections 2085-2253 or 2165-2382 - depends on the start of w1

snapshot
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YaKa PRO look4edge
Thank you very much. good.
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i think it may do 2035 - 2080 - 1980 - 2160
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could be, anything above 2068 raises chances of new high and once happen, will be critical, but i am a little lost in ew structure of upswing, it looks to me as completed - now wave c in first zigzag, or finished W2 and now w2 in W3
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YaKa PRO look4edge
please have a look at my next post.
as long as 1960 defended. this could happen.
+1 Reply
My target was based on a visual POC as well. :) (look mum, no profile!) heh :D
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