reneordosgoitia

Wait the breakout. In the link related, you will found out more information.

*The price is in the beginning of the fifth wave of the all time chart formation. The letter "(E)" is the fifth possible wave. *The contracting triangle structure, is the 2 wave of a lower degree cycle, the break out of the structure could give the force for reach the (E)/3 wave. * The third wave is always the more extended wave. * The 161.8 fibo level of the ...

POSSIBLES AREAS FOR GO LONG AGAIN. 4500 4000 3600 3000 LOOK THE CANDLE SIGNALS. IS PREFERED A HAMMER SIGNAL, OR ENGULFING.

*THE PRICE HAS ALREADY END AN EXTENDED 5 WAVE CYCLE. *WAIT FOR THE RETRACEMENT ZIG ZAG PROCESS. *FIRST TGT NEAR THE 38.2% FIBO LEVEL *SECOND TGT NEAR THE 61.8%

Shooting star in last candle near the top of wave 4. Trunctation process give chance for a sharp retracement. The area marked at the top of wave 1 and bottom of wave 4 is in the 50-61.8 fibo level.

*The price has not end the 5 waves impulse of the D wave of the ascending triangle retracement process. *The 4 wave is in the red line area marked. *The long term direction is bearist according the structure.

Waiting fot the candle signal. A Hammer with a long tail is ideal. The next area for take profit is 61.8 fibo retracement of the previous downtrend movement.

There are both fundamental and technical pressure in the mid term to impulse the price higher. The next high in the price will be the 5th wave. The 3rd wave was 1.618. The 5th wave can be the 100% lenght of wave 1

The weekly chart end in a doji hammer, the same as the (C) of the zigzag retracement, and the (B) of the sideway, after them the price went up.

*In the daily chart, the price has already broke a shooting star *the DXY is hitting an important bottom area * The market can move down beyond

* 3 wave is extended. * the lenght of wave 1 and wave 5 is closely the same.

* 3 wave is extended * 5 wave has almost the lenght of 1.618 times wave 1.

The area is a 61.8 fibo level of previous movement. The area had been respected before. OPEC members supply is uncertain yet.

* The wave 3 is already 161.8 of wave 1. *the 1st and the 3rd subwave of the 3rd extended wave, have similar lenghts, so this 5th wave is probably to had also a similar lenght.

*The price has reach the 61.8 of the previous downtrend movement. *The 5th wave couldn´t break the 1.618 of wave 1. * Crude oil inventorie (US) coming on wednesday.

one more impulse inside the 5th wave, and we will start to see the fall. *The price is in the zone of the 1.3000

*The price for reach the .071700 zone, must retrace first to get the impulse to the that zone. *A lower degree cycle of 5 waves has end.

The price has already retrace to the 61.8 of the higher degree picture.