CLN19 is seemingly approaching a demand area near the psychological $50 mark. The 45º line coming from 0 of the previous major high was touched yesterday and this is expected to support the price around this level. Looking for long entries seems reasonable at this point.
This is a try at oil's recovery count. The 4th corrective leg seems likely at this point.
A potential double top fade setup around 6650. Looking for weakness around that area to trigger a sell.
USOIL bulls are having a good run so far. It seems the oil market is ready to reduce short risk as players start taking profits. Looking for a scalp lower seems reasonable.
USOIL got rejected around the old gap area of 5480-5520 that is highlighted on the chart. This resistance area is a significant one, overcoming it will open the way towards higher targets for bulls. It will also validate the inverse head and shoulders pattern noticeable on higher timeframes. Bears were quite aggressive in pressing down the price and managed to...
This 3 day charts shows basic retracement levels, percentage increase levels from the current low and angle relationship based support & resistance areas. So far, the oil market saw a sharp surge from the low $42, a longterm demand area, and currently it seems there's still some room for further upside. This move up can be regarded as a retracement leg within a...
Apparently another fading short opportunity here. Pending price action confirmation and invalidated if price proves itself bullish beyond the angle line . Level of interest ≈ 5265, a 70 tick stop and 1R-3R targets.
A potential fading short setup coming up it seems. There is a $850 risk per contract and a 3:1 reward for risk. The levels are given on the chart.
This chart illustrates how angles can help in finding market tops and bottoms. This is not a Gann Fan per se, but a work around by using the trend angle tool.
Stopped out of previous trade, re enter double top and bouncing off final gann angle.
Bounce down from top off gann angle
As I mentioned in my past post, this is an interesting trend. The angle between the highest point at $20K, and every meaningful subsequent peak is about the same. If this holds true, the next peak should be within a few weeks. Note: This is not trading advice, nor am I a TA expert. I do this for fun and should not be taken as investment advice. DYOR!!!
This is a carefully crafted study! I have demonstrated the angles that we will likely see in the future based on what we have seen in the past. Details in the chart... Hope to get 1K views on this
USOIL -0.09% is seemingly about to pull a major trend reversal on the 5H timeframe. The 6780 area resistance is the first zone that bulls need to clear to pave a way to the gap area around 6850. Currently the 5H shows a pullback formation within a bear trend. If sellers persist, they will add shorts around the aforementioned resistance area of 6780. If demand...
This is an interesting find. If I plot a line between the highest point (around 20K) and all the main peaks since then, I find the the angles are all about the same. If that's the case, a nice move is approaching in the coming weeks. Please comment below and like the idea. This is not a trading suggestion so do your own research. This is just something...
This is a price prediction for Chevron I made using Gann angles and Ichimoku graphing. I am predicitng it will reach the green area and rebound upwards.
I am calling that Bitcoin will go thru the area in the green at that price and date shown. Right now that date is: August 11th-14th and thru the price of $6,450 - $6,585 This is my first time using Gann and Ichimoku in the same graph, so hopefully it works.
Just playing with angles and potential trend lines. Nothing serious. I don't trade it and I made it only for fun/research purposes. It would be fun if it plays out ;-) Potential bottom according to this scheme is 5200-5350 on 2018-08-25 to 2018-09-04 and bounce back to 7400.