there is an error made in this chart by me, the subsequent retest after the climax, can be higher than the climax itself, so this will require me to redraw the Resistance Zone again, again I could be wrong, but the update chart can be found here
@Burgernomik, we are in the ut(upthrust) phase and is normal to go above resitance level ...This is a distribution signal 100%
Novilin
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@asabastian, yes, however there is an error, according to wyckoff's phases, the Retest can go above the Climax, I have redrawn the Resistance Lines accordingly, please see the update chart in the comment
Novilin
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@Novilin, also technically speaking a higher high after this one, would definitely break my chart and turn oil into a buy
UnknownUnicorn762819
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@Novilin, well 47.20 is another resistance, a much bigger supply zone and probably all this bull drama will end on the utad test wich can hit 47.20 but this campaing is from another player ...the bigger player were going to start the campaing at $39-42...If you analyze the acummulation phase on the monthly we are in the secondaty test wich is leading to $30-$40 and he is getting out before things get worst and thast the pshycologhy of this campaing, the medium player dont want to get caught in fire,the crash is around the corner...
Novilin
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@asabastian, you may be right, however the picture will become clear on Monday
UnknownUnicorn762819
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@Novilin, i am going to start study the Elliot Wave and i will combined with Wickoff...I believe it will be the killer team of the century
Novilin
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@asabastian, not really, they contradict each other heavily, Wyckoff phases and elliot wave almost never match, still give it a go and see what you can find, it could work out this time
UnknownUnicorn762819
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@Novilin, so you try maybe by applyng in every new campaing 15minutes-1hour tf?