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The_Cannalyst
4 Th08 2016 21:12

Is this the Bottom? Giá lên

Crude Oil FuturesNYMEX

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Main View:
CAN THIS BE TRUE? DEZ 2016: 75$ ???


What do my tired eyes see?? Isn`t it a big bottom pattern in form of an exemplary H&S?
The RSI signs, that there is still a bit air on the downside. A dip back to the 38,2 fibo @ 41,92$ would be great. A dip to the 0,5 fibo normal and a dip to the 61,8 maximal.
If this level would be bought, a H&S is being formed. Prices above the neckline could interpreted as a BIG LONG SIGNAL.
I have illustrated the possible TPs in my chart


Former Analysis:
IS IT TIME FOR A COUNTER-ATTACK?


We have reached the illustrated fibo-niveaus of my Main Analysis. The bearish Sentiment is still present....The RSI weakly signs a possible Rebound - but there is no "real" Signal yet - the rsi only Shows that the Situation is a bit oversold in that timeframe - will we see a dip to 40.5 today? Between 40.5-40.75 i exspect a shortterm countermove .
- i am not a friend of anticyclical counter-trades - so i stay flat and Keep on watching.
Dear Followers - i am really interested in YOUR views, YOUR ideas, YOUR Patterns-
Comments are welcome agree or disagree THX

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Flag triggered..perfect!
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btM_Afta
Change of view, or you still long??
Thanks
managingbiases
good analysis :)
karol1
because i dont have as big knowledge as you have. just say: I'm impressed. Your chart analysing for me is so clear... thank you
salarfeen
I see a retracement till 44.5 then a bottom at 35 before bouncing to 60 or so.

I will heavily short at 44.5

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