rallied past 9/25 high but bearish shark complete. prior fib are now support
After charting price log of wti early this year, I pointed out that mean reversion was ~35/barrel. Price quickly bounced of the lows around 38. Could price retest, then break current lows to complete a 3driver pattern to range trade bt the 35 and 60?
Alt Bat pattern with Price finally hitting median drawn from mutliyear channel
5-0 structure ive mentioned and shown is now invalid. Price is now trading > 61 retrace of 5/15 ath-8/24low, which should sucker bulls into the "data dependent" slaughter. note RSI dates tagged with green vertical lines.
looks like a winner though be careful with spike at 61 and 1.618. Pattern may not play out and just head north at the levels just mentioned
really for shits n giggles. I just dig harmonic clusters, like this gartley and crab completing at 87. Strong support if 90 falters
looking for gartley but 618 retracement has proven itself as tough resistance. Looking for a pullback to test the almighty 1985
Bearish cypher forming up. short at 12082, specifically monitoring price to a complete a bat at 11890
May be the most convincing case for the bears developing imo