Carving out what looks to be a B Wave up, to turn down on the EOM to previous levels. Should hit around 10400 or a bit below as that is longer term support/resistance levels. At those levels, go long strong into multi-month rally.
This pair has a nice five wave up from the recent bottom at 105.55 and is finishing it's retrace to the 50% level. Divergence on both the RSI and MACD (though better seen on the MACD). Long on this pair with a tight stop just below the 50% retrace. Initial target is the 38.2% extension of the initial move from ...
Pullback coming on PBR to 6.36 in a wave iv of C, then final wave v of C. Fibs line up very nicely both on the impulsive C wave and the retracement levels of the entire wave 1 impulse. Techs signaling oversold, just in line with a bounce up in wave iv.
Between the 0.5 and 0.681 retracement off the lows...looking for a bounce to at least the 1 extension. Great Risk-Reward, if the pair falls lower than the 0.618 retrace signs that something else is going to happen.
Also like the technicals on this pair, oversold and due for a move up.
Took a long position today, maybe a bit early. Corrective move in the final C wave down that I have as an ending diagonal. Target for the ending diagonal is 1.30, that lines up with the 61.8% retrace of the move up. So risking a bit under that (1.295) for a stab to AT LEAST the point where the diagonal began ...
US Oil seams to be in a triangle that should be close to resolving. Once it does, I look for it to go quickly back down to it's start - around 26. Yellow line is strong longer term resistance so should not go above 37,88.
Start of a long term long for this stock. Bottoming and forming a nice five wave impulsive pattern. First target met at 8.71, extension to 9.67 next. If it holds there, looking for 7.33-5.88 for a corrective pullback to add to position and get a nice wave 3.