goodguy

US OIL: Is it about to reverse?

FX:USOIL   Crude Oil (WTI)
97 1 6
Looking at the longer term picture of oil             I am about 50 % comfident it may be reversing soon. There has been am a-b-c correction where a=c. We have encouraging RSI/ROC signs of a reversal. There appears to me to likely be a inverse Head and shoulders formation forming.
snapshot


I did this first post late last night. In reviewing it this morning I realize I I did the triangle incorrectly. Above is the way I have been counting it on earlier posts the last couple of months and I believe is more correct. With today's drop c= 1.6 x a and the price level approximates the possible right shoulder. We will happens tomorrow.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out