strong signals, looking good for a short term reversal.
4H shows bullish divergence on the MACD + Stochastics. coming off a strong support. Good Bullish signal 4H 1W
lots of divergence on this chart. set up looks great for some push to the upside.
Finishing up the 4th wave. - can we grab 30% from the next wave? Bullish RSI on the 12H, waiting for stronger signs on continuation on the lower time frames before I buy..
Buy after re-test of current support. Will create a W-formation. Divergence on MACD + Stochastics; RSI is Bullish.
Short to supply zone, then long to complete the W Formation and complete a minor trend reversal to put us back on the primary trend. Looking at the monthly a reversal from here would complete the 4th Wave and take us to impulse 5 (hopefully around $1790+)
Cooler days in the US will start to drive demand for NG coming into Xmas. However, we're coiling inside a rising wedge, from which I would expect to see a rollback. to the marked area, before any large price movements going into the middle of Winter (USA)
After a nice move upwards, price has completed it's cycle at a strong level of resistance; expecting a rollback to the mid 56's on a corrective wave. though will need to reassess and update on completion. Structure is still bullish with a potential to move back up.
chart really says it all; global increases in oil production will aid the continued downtrend. for now, I see a continuation of the Bear market in oil.
finishing a re-test of the current resistance. expecting a rollback to the marked level.
currently testing H1 Resistance, a reversal and break of minor support would provide a nice short opp to the blue zone.
Confluence of Static + 200 MA + upper trend. area of strong resistance, Stochastics showing weakening momentum. A Short of the re-test on H1 should do the trick.
Long at bullish break of W formation neckline, Targeting blue area after a minor correction.
couple pips on the correction. will be shorting the re-test of resistance (b); alternate entry is the break of the support. target (c)
Wolfey back on the daily. short target is the touch of the 1 - 4 Target line with a potential for a continuation
nice scalp. good RR. can short on the first pull back or buy market.
sitting on a good support here, targeting the next resistance. have a final wave to complete. good R:R
Clean looking set up for a Wolfe Wave, will be looking to short after we touch and close back inside the channel. Target = Yellow line.