The PEAD projected a Bullish outlook for $COP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 25%.
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
hello freinds
this chart we shows that this market will know an uptrend on next days when i recommend buying with a fort probability
if you have any questions you can write it in commentaire below and i will answer them
and please don't forget to support this ideas with your like and comment thank you
cordialy
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
Monthly candle closed so here is an update.
COP having tagged the upper trendline of this long expanding pattern with an upper wicked candle has now slumped back to print a double wicked candle with bearish body through the 1.618 projection taken from the previous 3 pivots which will most likely prove to be a shakeout reversal top to collapse back down.
RSI is...
COP has been in an ascending channel for the last 6 months. Its at the bottom of the channel and a symmetrical triangle has formed. Breakout this week. To 115.
COP hit $104 this weak with RSI hitting 75 - highest monthly reading since 2005 with divergence in this expanding topping pattern.
Retraced back up to 0.618 @ $100 today.
Not advice.
Shorting divergent upgoing zigzag. Fib on Wave C first as targets.
Immediate targets 86, 83,79. Invalidation at 94.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing...
The PEAD projected a Neutral outlook for $COP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
One of the simplest way to invest/trade Oil Companies is to study the Brent/WTI price movements because they are very correlated.
Every oil price crashes, oil companies will follow as well. Commodities is very volatile and for that comes an opportunity to profit.
In the last 50 years, every time the stock drops more than 50%, it follows by a rally. For this...
The PEAD projected a Bullish outlook for $COP after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
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The technical figure Triangle can be found in the US company ConocoPhillips (COP) at daily chart. ConocoPhillips is an American multinational corporation engaged in hydrocarbon exploration. The Triangle has broken through the support line on 11/11/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next...
Careful as this trade correlates with oil market and oil market is very volatile. Respect Rules, THAT'S ALL.
STOP 79, Target 1 68, Target 2 60, Entry 76.50
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
