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Trading_Off_The_Charts
23 apr 2018 05:45

oil short preview week april 24 Kort

WTI CRUDE OILTVC

Beskrivning

stop loss 68.66 looking like a failed cup/handle w/ a bearish c wave. target .382 fib

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more volatility

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crazy buying into a 5th wave of a rising wedge at that

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feel free to double check the wave count

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that famous turkey/bird pattern

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re short on double top
bearish bat pattern waiting confirmation break of b leg on volume

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my short term view short the handle

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may 30th update view of oil

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the exact sane pattern from last Monday was ran. They are run stops back up from the lows to the top to chase short stops.

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continue to hold my short dwt

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process make traders weary all over

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keep an eye on DWT

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18 ema on 18min tf

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Kommentarer
Ctho223
An inventory build during these spring days or spx falling off is the only thing that can hinder oil. So this oil count is rational because we know spx has 1 more leg down
Ctho223
How about don't worry what oil do, worry what snp do. Because we know, everything else same, oil going up. Now we supposed to be getting one small pullback here in snp and I believe that will be the time to buy oil. Look at snp ew. U want look at mine? Tell me where send it.
PowerOfCapital
oil might go up further a bit, just wait for price action.
Ctho223
I say oil about to follow spx down
Mer