franciskim
Short

Oil Rejected @ Fib Confluence

FX:USOIL   Crude Oil (WTI)
Yup
Comment: Good news for oil bears: http://www.bloomberg.com/news/articles/2016-05-21/suncor-planning-oil-sands-re-entry-as-evacuation-order-lifted
Francis Kim Digital Development: https://franciskim.co | Mobile, Desktop & Web App Development | eCommerce Development (Magento, Shopify, WooCommerce)
If you want charts on CL from me, then ask. I will not provide them unless you are interested.
+1 Reply
franciskim PRO DavidTraderJohnson
Yes, I would love charts!
Reply
Francis, I will provide charts tomorrow morning, Monday. I have a website (Facebook page) where I post such charts daily for free for my "trading friends." I keep the list small and require people to pipe up and post their own charts. I use "Measured Moves." I also use "vaidating" setups where, again using FIBS, I use break lines (normally known as 61.8% levels) to show us if bids have been broken (buyers are "ambushed" - - look up "ambush trades")....or vice-versa, where short sellers are AMBUSHED or "squeezed." It is also helpful to know when we are in technical consolidations or PAUSES in the the trend..which could be about to break or continuation patterns unfold. So, Technical Analysis is for those who can stick with it, trade with it and know when to fold em...
+1 Reply
And, Francis, you appear to be an action oriented Chart player..>GOOD FOR YOU!
+1 Reply
Contact me: dpotrv@gmail.com to be invited to my FBook if you are interested. Again, no charge as I am "paying it forward."
Reply
franciskim PRO DavidTraderJohnson
Here is my alternative chart
Bearish RSI + MACD Divergences
Reply
I trade CL and use Fibs for a living...I teach how to use these measured moves. You are better off using FIBS in this way: once an over-shoot occurs - - and you are indicating this on your chart -- then a new Measured Move FIB long is drawn from the previous and most obvious low to the high indicated there...to be bearish in CL then we must VALIDATE the next Measured Move shorts by breaking this RANGE as I noted.
+1 Reply
Good news for oil bears: http://www.bloomberg.com/news/articles/2016-05-21/suncor-planning-oil-sands-re-entry-as-evacuation-order-lifted
Reply
Thank you very much. I was sold for $ 48,875.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out