Ichimoku_Trader
Short

Bulls are gaining but the bears are still in control...

FX:USOIL   Crude Oil (WTI)
mw
1391 28 69
mw
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Comment: The situation with oil has not changed since doing this analysis. So no updates this week.
Comment: We broke the KS pivot .. no acceleration
Be careful bulls .. it looks like I might be right and they are preparing a bull trap for you
Comment: Also, on the daily we had another bull trap and a break of the lows.

I don't trade oil, but if I did .. I would already be short
Comment: and don't forget the rail road tracks (mirror bars) on the daily also
Comment: The KS stretch zone held perfectly for now. How far down will we go?

snapshot
OIL, with the rest of the commodity complex, printed a 7 Year Cycle Low. We are definitely no longer in a bear Market regardless of what the news is telling us ie; oversupply and whatnot :o) I see a pull-back in the short to medium term but we're definitely heading to $60 before this Intermediate Cycle tops. Keep up the good work!
+1 Reply
Thanks for sharing

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Hi, that idea has sense?
snapshot
+1 Reply
wow

I'm impressed. very nice observation
+2 Reply
Also the current TF
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narcalen Ichimoku_Trader
Thxs, like TS and KS when narrow in a trend means divergenge, I tought the same concept with SSA and SSB
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yes it is very true
you can also do it for a lower TF.
Do you now how?
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narcalen Ichimoku_Trader
price and TS?
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Excellent. price vs TS is bit harder to catch, but you are correct

You can even do it for a single candle. Do you know how?
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narcalen Ichimoku_Trader
No, can you explain it, pls?
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narcalen narcalen
let my try, measuring the candle with TS?
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Yes .. they call it a divergent bar

so let us say we are in an uptrend and you reach the target zone. Then, you get a candle that closes in the bottom 50% but the TS is still going up or went flat for 1 candle only

You sell a break of that candle's low

Nice???
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Ichimoku_Trader Ichimoku_Trader
So that's 4 levels of divergence that you can see with ichi .. not bad
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Ichimoku_Trader Ichimoku_Trader
Do u know the target expectations for each level?
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narcalen Ichimoku_Trader
despite of the candlestick pattern, i think the trend is enough strong for close, i'll wait for the market develops, when weak signals comes more clear, I'll close the trade, right?
+2 Reply
that's not what I meant. I meant we have 4 levels of divergence that we just identified:
1. kumo
2. TS/KS
3. P/TS
4. Divergent bar

So do you know what the expected target for each type is? Where will price reach?
+3 Reply
narcalen Ichimoku_Trader
No, can you explain it ? thxs
+1 Reply
yes

Maybe i will make a slide about it soon
+1 Reply
sasacoco Ichimoku_Trader
looking forward to your slide for above, thank you. I reaally appreciated that you take your time to teach us.
+2 Reply
ok

if I forget .. remind me
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sasacoco Ichimoku_Trader
sure
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Hi, just reviewing your chart to understand Ichimoku, thanks for sharing, I really appreciate you!
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thank you
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My target is 37.00
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I would say that your target is safe. It is at KS. If that is broken decisively, maybe lower..
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Ichimoku_Trader Ichimoku_Trader
actually it is a bit higher
+1 Reply
Flipa Ichimoku_Trader
Sweet, thanks for reply you've increased my confidence in this trade
+1 Reply
ok
be careful at TS and KS when you reach them on the weekly TF
+1 Reply
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