Bakou

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Markets Allocation
100 % commodities
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CL1! 100% | 8
Bakou Bakou CL1!, D, Long , 3 months ago
CL1!: WTI H&S  8
84 2 3
CL1!, D Long
WTI H&S 8
Well, the pullback was short ! The large green candle of today is nice as it overcomes the 20 DMA (blue line). Next resistances are the 50 DMA (red line) and the 23.6% Fib.
Bakou Bakou CL1!, D, Long , 3 months ago
CL1!: WTI H&S / 7
109 0 3
CL1!, D Long
WTI H&S / 7
After a final jump to attract buyers, we eventually proceeded with the due correction we were waiting for. Whether it will be a pullback en route to a construction of our inverted H&S, or a resuming of the downtrend, will be determined following its shape and depth. Above the 200 DMA (orange line), probabilities ...
Bakou Bakou CL1!, D, Long , 3 months ago
CL1!: WTI H&S / 6
58 0 3
CL1!, D Long
WTI H&S / 6
Same general comments as yesterday. We can notice that the recent up-leg topped at the 50% Fib of the large move from 2016/04/05 to 2016/06/09. 20 DMA (blue line) role as a resistance confirmed. Let's observe how this pullback unfolds, as long as it stays above the 200 DMA (orange line).
Bakou Bakou CL1!, D, Long , 3 months ago
CL1!: WTI H&S / 5
92 5 3
CL1!, D Long
WTI H&S / 5
As expected (see previous posts), the 20 DMA provided with a resistance. To go on with our building of an inverted H&S, a pullback must not drag price below the 200 DMA.
Bakou Bakou CL1!, 60, Long , 3 months ago
CL1!: WTI inverted H&S / 4
47 0 3
CL1!, 60 Long
WTI inverted H&S / 4
Correction to the previous post: The neckline of our small scale inverted H&S is the oblique red line. After being broken, this line became a support during Friday price action. What's next ? Probabilities for completion of the large scale H&S are increasing (see previous posts), but we are not done yet. ...
Bakou Bakou CL1!, 60, Long , 4 months ago
CL1!: WTI H&S / 3: Scale Invariance ?
70 1 2
CL1!, 60 Long
WTI H&S / 3: Scale Invariance ?
Reminder: We had yesterday a large green daily candle which crossed upwards the 200 DMA above the 50% Fib of our probable pattern (from 2016/02/11 to 2016/06/09 - green Fib - Daily chart) - see previous posts. What could be unfolding today is a classical phenomenon in complex systems, namely a Scale Invariance. The ...
Bakou Bakou CL1!, D, Long , 4 months ago
CL1!: WTI H&S probabilities /2
80 2 2
CL1!, D Long
WTI H&S probabilities /2
We got it ! Above the 200 DMA (orange line) probability of building the H&S pattern increases a lot. First step: Let's see if there is a follow through.
Bakou Bakou CL1!, D, Long , 4 months ago
CL1!: WTI H&S probabilities
79 0 1
CL1!, D Long
WTI H&S probabilities
WTI price crossed downwards the 200 DMA (orange line) but is still above the 50% Fib of a possible reversed H&S pattern. Above this 50% Fib (@ $ 38.85), probability for building this pattern remains.Under this Fib, it evaporates. Crossing upwards the 200DMA with a large green candle is a buy signal - Target $ ...
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