This is a serious extension down today. This is the very bottom of a known support zone so even though it smells bad down here, this 'could" be a bottoming area. The downside structure is absolutely full down here now and a bounce seems more likely than not. #BottomsAreBearish!
Today we took 3 trades using the new TrendCloud System and made huge profits for our small account.
GOLD
Wheat
Natural Gas
TrendCloud mapped out our trade and produced powerful entry signals for you to capitalize on.
Trend and Momentum lined up perfectly across multiple timeframes for us to take each trade with confidence.
Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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The recent rise and fall of crude oil, as a whole is a big shock, although it is an upward trend, but not so clear, yesterday's daily line is very unexpected unexpectedly closed the negative line, the rise is not coherent, such a market we understand as shock, today's thinking of shock more treatment, today's crude oil attention yesterday back to the low point is...
Our overview: Once more API data highlighted weak demand, let's see if will be confirmed by EIA report scheduled today. Trends analysis: Primary(purple): upward corrective structure wave B, intermediate(green): corrective structure wave A, minor(yellow): downward impulsive structure wave 5, intraday(orange): downward impulsive structure wave 3.
Our current...
The chart posted is that of WTI . even in a bearish alt oil will see back to 80 The cycles model is in the bottom phase and is set to turn up for the rally into first 90 days . bearish for SP 500
12.26.23 In this video we get into the specifics when drawing the tools, Deciding on the probability with regard to whether the market's going higher or lower, Determining stops....And we even have a potential reversal if the market starts moving higher that could indicate the markets going to expand higher. In other words I think the probability is that the...
12.26.23 On this video I started talking about the dhy... the dollar. I did this so that we could take a quick look at how I would use the tools in a way that's productive.
I'm not so enthused for an opening trade on the metals, But I do believe there's a reasonable short trade with a small stop on oil. I will make that the second video today.
4 hour chart trend is up, momentum is up.
1 hour chart trend is up and momentum is up
5 min opening range broke out to the upside and retested the demand zone inside of the range.
Took the trade long and scaling out of the position at multiple targets.
Good old light sweet crude oil
A very aggressive market compared to FX.
Now definitely close to be shifting into pullback or reversal after this momentum
TIP: Identify key VA's that reject price in low value / low volume areas.
These price areas (not lines*) will reflect true entry areas where the ones that entered before either quickly moved price away from the current direction (reversal) or very aggressive through it.
Price reacts and develops new rithms over a certain time, but one thing will always be true....
Elliott Wave Theory projects this wave to make it up to 75/76.32. Problem is that technicals don't immediately support that idea, and or in fact bearish right now. Will be resolved this week, imo. I'm flat and looking for long signals...
easy trade with CL!
The price might spring support. My first thought is that support will hold and the price will bounce off it and rally. It might not hold. I will consider those options more in depth once the price visits the support zone. I might publish another idea updating it, but considering I have no cloud I will probably not.
CRUDEOIL trading in desceding channel.
it should give channel breakout above 6280-6290
looking target 6500-6600+++
in very short term
keeping on radar Crudeoil 6300 CE (Jan.)
