CRUDE OIL POTENTIAL SHORT
OKAY SO I HAVE BEEN WATCHING CRUDE OIL FOR SOME TIME NOW WATCHING TO SEE HOW PRICE WOULD REACT AFTER A VERY STRONG SELLER PUSH AND OBSTRUCTION OF STRUCTURE ON DAILY TIMEFRAME. AFTER LETTING THE BUYER MARKET CREATE SOME BREATHING ROOM, AS WELL AS A BETTER RATE FOR SELLERS TO SELL FROM IT IS STARTING TO DISPLAY INTEREST ON THE SELLER SIDE....
Price was rejected at 1.84500. This is why 1.84500 is an extremely significant level of rejection:
1) This C level correlates precisely with the .382 retracement of the AB Impulse Leg
2) This level correlates precisely with the .618 retracement of the Impulse Leg
3) This level is a perfect retest of the broken Head and Shoulders Neckline.
4) This level is...