jdgpro

So the weekly formed a bull flag with a $27.30 flagpole. The next move started at $23.00. Target price is $50.00

Rollercoaster hit the bottom of the hill.

The H & S has a good start. Completion could mean a big drop.

This parabolic move will need correction sooner, or later. Oscillators point to sooner.

Basic bull pennant measured move of $14.00 from around here to $192-$193 range.

Nothing earth shaking. Just more of the same. So, the head and shoulders is playing out. Measured move to $44.50, then long as fundamentals kick in. US Shale, growing US exports and shrinking imports limit upside going forward, until they don't. Make $$. Rinse and repeat.

Waiting to see if this plays out

Potential swing trade set up. Educational purposes only

Multiple indicators showing potential drop to 2.70. 1. Death Cross last week 50 SMA over and down 200 SMA. MACD crossed down. 3. RSI not oversold. 4. Right Shoulder forming nicely. 5. KST about to cross over and down. 6. Aroon crossed into negative. Looking for $2.70 neckline.

With measured move to $49.75

Triple Top Reversal Possible. Bearish Divergence on MFI on the daily chart, suggests a substantial downtrend on the way. Measured move $0.191 to $2.71.

So the KST indicator has crossed over and down on the hourly chart. Watching for the dip below zero, indicating downward momentum $2.84 target. I'll follow up if and when zero is breached.

Another hit on the 4 hour 20 SMA. Long Opened UGAZ 43.3. TP 48

I like this set up with a tight stop. If it fails, then short is the way to go.

This was too sweet to ignore.

14% measured move. STOCH RSI overbought 50 SMA crossing down over 200 SMA 1.775 Target

Each flag is approximately 30 days apart. The last one is right on time.

Starting to think OIL is beginning a new trading channel.