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Based on technical analysis alone, we should approach the R1 level this week, and see a down trend. Based on the Day candlesticks, we should see a slight retracement back down to the indicated level of 56.19 (-1.75%) if the trend line is broken. Since the RSI is hovering near the 70 marker, this indicator could point to a negative week. However, on the weekly...
Pattern: Bullish Megaphone. Signal: Bullish. Two entries. The pull back towards 53.00 (1) or the break out above the green line (2). Target: TP(1) 58.00. TP(2) 60.00.
On the weekly I have seen very strong support zones which have been tested several times, price seems to have created an inverse H&S pattern on the daily so I'm waiting on breakout to place a trade.
Pattern: Inverse Head and Shoulders on 1D. Signal: Essentially sideways trading for 1 week with 2 buy signals and 1 sell. Targets: As illustrated on the chart. Long TP 52.80, 54.10 and Short TP 50.50.
Either the 0 fib or it bottomed and 59 bucks is next.
West Texas Intermediate Crude Oil Midterm forecast: The current trend is downtrend but the forecast is beginning of uptrend. Technical analysis: While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 54.65 on 12/04/2018, so more losses minimum to Buy Zone (51.30 to 49.50) is...
Midterm forecast: The current trend is downtrend and the forecast is continuation of downtrend. Technical analysis: While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 49.45 on 11/29/2018, so more gains to resistance(s) 52.20, 54.10, 56.00 and maximum to Sell Zone (61.85 to...
We are at an important decision for WTICOUSD, here are two very possible outcomes . The first is illustrated with the green arrows, and the second is in red. I trade triangles as a continuation pattern rather than a reversal pattern, so I am looking for an upside breakout of the triangle with a retest confirming we will move higher. If we break to the downside of...
These zones are calculated using Fibonacci Ratios of past price moves. Fib extensions and retracements are projected forward in time and price. If price bounces or reverses, it will probably do so at one of these zones. Some zones will match previous highs and lows, since Fibs are derived from the extremes. Some zones will not match anything previous, but they...
Decisionpoint: break or reject. Rejection candles on the bottom show good potential breakout
This is an idea to ADD to my Shorts. I originally went short per this plan: Now looking for spots to add more shorts, because I am pretty sure it will dip some more, hopefully to the targets shown.
Have been heavily short for a while now. Looking to add more shorts on bounces as I think it will drop more. My entry points are based on Fib Calculations and Confluences thereof. This entry triggered by this plan: My shorts first started with this plan:
Weekly chart is showing that the upside momentum is slowing down which may indicate the first move of a downtrend. If price goes above 67.60, bullish outlook. If price goes below 65.60, bearish outlook.
Good bounce and confirm on the ascending wedge breakout from a month-or-so back. See original analysis.
Not time to short this sucker yet. Bullish body parts on the weekly. I would buy dips. Shorting this might land you in the emergency room. Short-term - $69 ABCD completing Medium-to-long term $100 - Head and Shoudler bottom Adam + Eve bottom on weekly.... $190+... (umm....) A little far fetched? The stars can always align. I'm Bullish AF Fundamentals? War...
Weak bull correction, strong possibility of a short, we have a flat abc the upside and price unable to break 57.83 for the 3rd time.
See a nice run too $59.17, then look for support @ $58.56 wait for pullback on the 5 or 15 minutes. First and second leg already created have fun!!!