after daily red candle from this level definitely pointing bearish move,
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Wohooooooo :)
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i am still expecting the same ,,,, it could be fake breakout and spike at the end.
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daily pin bar is coming after tomorrow's closing.
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well well well, as I updated yesterday, daily pin on today's closing, what else you need to be short on this.
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what a fight!! wedge is getting narrow for breakout and sharp sell off.
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hahaha, come on oil.
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one more down move will break this wedge .
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finally wedge is broken, next week will be possible red candles on the way.
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ready for secondary short.
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target is almost there.
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Josef2016
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I think maximum drop will be about 45$.
arif_awan
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yea lets see,,,,this is important area,,, if price start droping it could fall more.
arif_awan
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could be false breakout on old chart, but this could be true story.
TRADER727
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beautiful :)
arif_awan
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thank you trader, hope you had good trading week.
telepatico
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What is the time frame on this chart? daily?
martinlhansen78
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Yep. D for Daily :) (see the grayed out background text)
Cheers
arif_awan
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thanks martin for clarifying.
andrej123456
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how can you know that guys ? dollar index is streghtening and oil still rising on supply deficit
arif_awan
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and canadian dollar is droping too,,, soon oil will drop sharply ,,, its just a bull trap. i don't really know dollar index relationship with oil prices.