- A Perfect Shark pattern has been completed and validated @ 145.185 and we have a good sell opportunity here.
- But consider for the very very strong resistance level @ 143.230 we have to wait the pair to break it and retest it.
- if the pair fail to go upward from this level after retest this resistance level ...
From the oil news, it effects to the USDCAD
For the sell setup.
A-B-C pattern and now it is the wave C (TP first meet at 100%), next is 161.8% at 1.3200
Aware: NFP tomorrow. Whatever, i will close before the news.
We have been watching the us energy stocks. This stock is different as most of the others have been in a corrective structure since the start of the year, following oil. As you can see from the chart VLO has been falling since the end of March.
As with the others it is still in a corrective structure right now ...
As with all the other us energy stocks we have been following they're all in a corrective structure.
Like all the others Sunoco is currently in a corrective structure. One option is to sell off the bounce of the top of the triangle. Alternatively we will be waiting for a break of the lower trend line. Once it ...
Another one on our list of us energy stocks which we think are currently in a corrective wave.
The first condition we are waiting for is the breaking down and out of the lower trend line. Once that is breached then we will be watching in lower time frames for a retest & rejection or a corrective pattern to sell ...
Hi Everyone, I hope you having a great week.
We were watching this trade in our us energy screencast and it is just met our conditions for a trade:
Crossing the lower trend line
Retest & rejection
You can see the full corrective structure on on the daily time frame.