Is Oil still 25% away from a near term bottom?

FX:USOIL   CFDs on Crude Oil (WTI)
470 6 7
Both the 19 week and 16 day mode projections sync in time/price. Friday's close is a sell signal, but if no range expansion in the next bar I would be weary.
Looks like a running triangle in both price/CCI.. could see a little spurt back up to the mode before the wheels come off
IvanLabrie PRO NickCoulby
Certainly acting like one...technically, a triangle can end a terminal's last leg. (all corrective things)
There's a weekly trend that expired as well, so it's conflicting.
USDCAD looks to be reflecting said confusion but mostly aims down.
NickCoulby PRO IvanLabrie
Yea the 12W that was surpassed.. I left it off so it wouldn't clutter
NickCoulby PRO IvanLabrie
This outlook certainly makes SPY's bursting leg last week look more like a C of a flat than the conclusion to a fifth wave truncated terminal zzz
IvanLabrie PRO NickCoulby
Looks like more down on S&P500, in general.
+1 Reply
IvanLabrie PRO IvanLabrie
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
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