Follow the numbers. This pair seems to be a commander's dream. That climb to 3was the cleanest climb i've ever witnessed. That was one in a million folks. That was lightning striking. You will never witness something like that again. I hold no delusions that the rest of this 'won't' play out like that, but man.. it was great while it lasted.
Sames as the Daily play... but a closer view of the action. Temporary long position.
Okay... I posted a DAILY chart of what I expected is going to happen. Here is what that looks like from the 4 hour...Specifically the up coming 1 and 2. There could not be better confluence.... *Very proud of this chart* But again... Do you... Trade your own masterpiece.
Plotted this for a friend. Feel free to examine and adjust for your trading Ideas. This is going to be a LONG 4 to 5 Ewave trade.
Okay... you just completed your 12345 Ewave. Now you need to plot the potential path for your A B C correction. Below are my TWO choices. One in Dark Blue... the other in Light blue. But see those other lines??? Those are other possibilities that are still in play... but they are for the DAILY and WEEKLY levels. But in the mean time..... Concentrate on 5 to A
We'll see how the ''Dollarindex'' perform to see ''IF'' we go up or down..
See some more downside ''Possible C-wave'' completion Potential move up near-term.. Watch for possible ''ending diagonal'' on lower time frame for market reversal
Natural Gas is asking desperately for a sell call and this is just a part of the corrective structure in ABC pattern, long term prospect remains bullish but people can enjoy the C wave to mint some profit.
It seems that CL is on the last leg of the corrective ABC move, thus short term gains can be made from the trade . CL is bullish at the current stage and can comfortably achieve the hinted target within few weeks.
12345 Pattern Happening Price is at S1 ready to complete 4-5 leg of pattern to R1. We should see a corrective ABC pattern if current 12345 is completed, this should start at the important 1.8000 level and break down to the historic levels attached to chart (1.65000 and 1.45000). Repeat symbol is showing that price reversed previously at 1.7000 level. I have...