In assuming Cycle Wave 3 topped out on January 12, we have laid out estimated points for Waves 4 and 5. Wave 5 will also end Supercycle Wave 3. We have broken it down more on our site.
We have identified the Macro waves and pointed out the most recent minor waves. I believe we just completed Wave 3 of a Cycle Wave, as well as Wave 5 of a Primary Wave.
ConocoPhillips should rise at least 45% by the end of 2019 from Friday's close. Can you beat 45% gain in 20 months? In the short-term the stock should zig-zag to this point. Stock will most likely: drop toward 55.93 rise toward 70.07 drop toward 59.75 rise toward 87.00 to close out its Elliott Wave Grand Supercycle and achieve at least a double top. I will...
ConocoPhillips has climbed quickly in the previous month. The stock should not remain at such a high level according to technical indicators and historics, Will it head south with strong action around the 46 level? When we look at technical indicators, the relative strength index (RSI) is at 65.6636. RSI tends to determine trends, momentum, overbought and...
D1 - Two daily cycles ending around same zone. Once this zone is reached we can start looking for buys after confirmation in the form of trend line breakout.
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires...
I am waiting to see if $COP price action shows that buyers are continuing to outpace sellers(longterm uptrend). For me to believe this is true the price must close above the current trendline.
could the carnage be over for COP? we are now at the bottom of a potential channel. will it take another 7 years to recover? only time will tell.
Love the increase in dividend, but this stock is surely taking its time to get down to $48 to $52 target, my range. I assume at this level we would see some support. Until then, it's a slow grin down with some accumulation and dollar cost averaging.