There's an opportunity to have wave c of (v) next week
There's a possible diagonal triangle, which could be wave {c}. So, bulls are likely going to deliver wave a of (v)
There's a possible diagonal triangle, which could be wave {c}
Hi Folks! We are already in Us Crude Oil! There is still a long way to go but we just have to be patient and do other trades. Carlos
Looks like we will start hearing positive news from the OPEC meeting tomorrow. If my chart is correct, oil should re-visit 50s once again and it is perfectly shortable from there. I target the April minimum of 35.20 as it is a base for an eventual Head&Shoulders pattern which is still being formed. Also, catching a 10% ride up, is also a good idea as the stops...
As per my previous idea and despite an impressive bull run we are having on oil, I´d still miss a leg E of my large-scale triangle. Nevertheless, we should never ignore the signs market sends us. A wise trader said: trade what you see, not what you think. And I can only see 5 green daily candles in a row. Last time it happened, we went from 41 to 49 in a term of...
hi Readers, The Chart deals with weekly time Frame As we now Know that the wave Y in Grand Super Cycle degree & hence the initiation of X wave after Y has pushed it to new highs, say to the current levels. The important idea is that the W within the current X wave in one lesser degree has been progressing as w,x,y,x & z within which waves W,X & Y are completed....
The reason why we feel CRUDE may Rise. * On weekly basis it has just started moving up * To Rise and come near 39.57 levels * Stoch RSI (3,3,14,Close) is Rising. * RSI (14,CLOSE) is Rising. * CCI (20,CLOSE) is Sinking.. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above...
Resuming from previous Crude oil Post in the blog, check it here... Obviously yes the bottom is in the visible limits We at that time just had an idea that the developing correction could be a triangle but in the recent trading sessions, it is really very clear that the current correction is most possibly a triangle (Elliott wave Descending triangle) and within...
Resuming from previous Crude oil Post in the blog, check it from what's happening section... We at that time just had an idea that the developing correction could be a triangle but in the recent trading sessions, it is really very clear that the current correction is most possibly a triangle (Elliott wave Descending triangle) and within which the waves ABC have...
CNBC has loved to refer the recent pullback in the SPX as the "Dimon Bottom" because CEO Jamie Dimon purchased roughly $26 million worth of JPM shares. However, it's not looking for those wanting to hold to believe in the recovery dream. Whether investors want to believe it or not, the U.S. economic cycle is rolling over; and, considering the very high...
CRUDE is expected to rise now. There are many reason why we feel it may rise. 01. It has bounced back from quarterly sell target 02 level. 02. Bullish Engulfing pattern in daily Chart. 03. To rise and clear quarterly targets it had to come down to gain momentum for up move. 04. Stoch RSI (3,3,14,Close) states it may rise. 05. RSI(14,CLOSE) Is also of the...
USOIL caped in a triangle for now. Overall it's trading sideways. ways to trade Crude Oil: 1.) Trade the triangle formation with tight s/l above the highs / lows 2.) Wait for a breakout of the triangle with a s/l below the breakout in case it's a fake out. Overall we could go a bit higher but as long as the OPEC is not cutting their oil production don't...