Look likes potential target of $35.5. Would complete bearish cypher pattern if reached. Price target also lines up with some long term downtrend lines.
WEEKLY PERSPECTIVE.... 26.06 - 23.80 MIGHT CAUSE A REACTION.....LOWER TARGETS OF COMPLETION ARE STILL IN "TIME" $CL_F $USO $DWTI $UWTI $OIL $XLE $DTO $UCO $CVX $XOM $HAL $EXXI $SCO $ETE $XOP
My bias is more for oil up than gold down over the coming months .$CL_F $GC_F $SPY
Be prepared for anything.....Markets can go lower and extend faster than most people think. "25" may bring a short term bounce if it gets there. Only follow "The Language of Price". It is all that matters.
FOLLOWING THE PATH...POSSIBLE SHORT TERM BOUNCE...PRICE ACTION MUST CONFIRM BUT STILL 26.60 LOOKS VERY POSSIBLE ON THIS SWING TARGET
INSIDE DAY INTO TIME.... FORMED A BEARISH REVERSAL....CAUTION AT THE BOX.... MANAGEMENT MODE
$CL_F Probabilities of Price.....Laying out a Premise and waiting for "Price Action" to speak.
Very close to "CONFLUENCE".....STALKING THE SWING....
Short term bounce........Watch Price Action at levels for" Trigger Entry"
As long as today closes the daily candlestick at a price of 30.57 or higher, the resulting inverted hammer formation is a signal of a potential bottom in oil prices. My price target remains the macro trend line resistance near $34, with a longer-term price target of $39-40.
Bearish Shark C notations on the chart I normally post my charts at Twitter.com Due to also posting charts from other platforms ....I gather them all there. Thanks for any thumps up or comments. Best to your trading TWUC @WallStScalper The ABCD mentioned
ABCD C notations on the chart I normally post my charts at Twitter.com Due to also posting charts from other platforms ....I gather them all there. Thanks for thumps up and any comments. Best to your trading TWUC @WallStScalper
3 drive pattern C notations on the chart I normally post my charts at Twitter.com Due to also posting charts from other platforms ....I gather them all there. Thanks for thumps up and any comments. Best to your trading TWUC @WallStScalper This chart ....to be seen as a teaser.
SHS Will at the same time close a gap....if Trade what U C @WallStScalper