Watching to see if this touches 0.88 before considering starting a long for bounce to upper trendline
Daily (almost) cypher pattern is looking to complete which would coincide with the follow through of the bearish bat formation posted a few weeks ago. I say almost cypher as point B is a bit shallow. Will be watching closely
Looks to be forming a bearish bat pattern. Indicators looking a little toppy, looking for more bearish confirmation before diving in.
If oil remains under 48.8, a bullish bat pattern may be unfolding along with the abc Elliott wave correction.
Daily indicators starting to roll over with a bearish Ichimoku cloud. Watching the fisher for confirmation of a change in trend
Oil flirting with the 50 fib of the last impulse leg down on the 30 min.
RSI about to break trend, fisher about to have a bearish cross, and on balance volume starting to turn down. Careful here
A to B is a perfect 0.618 retrace of the impulse leg down...watching to see if oil heads towards the 0.786 retrace of the impulse leg up to point C. Potential oil target 29.25
Looks to be a bullish reversal here from the AB=CD pattern...waiting for confirmation from the daily MACD
Anyone think price will follow trendline down or will earnings bounce this off the 50 fib and upwards? Indicators not too bullish
May run down to test the .5 Fib while the RSI resets for next run up.