Today I take a look at the Crude oil Market.
Firstly we have completed a major multi month 3 Drive pattern and have sold off over $4.
The last 2 sell offs have been in the range of $5-$6 so this could do something similar and head higher.
At this stage I think we have topped and should see a decent correction to around $80 or possibly more if you look at the weekly/Monthly charts. I will post the longer TF charts in the comments.
The other option is that we get one more rally up to the $100 mark to complete the last ABCD 3 Drive pattern.
What im waiting for now is a PB into the 50-61.8% from the current move down to short and go from there. Once again I will post shorter TF charts in the comments with the intraday AI for today.
Everyone is talking about OIL to 100-150 and more but if we look at history in 2008 there was talk of OIL $200 but within a year it was back down at $40. Dont always believe what you see in the Media..
I hope this helps with the OIL and how im looking at it.
Enjoy the day.. 👍👍
Firstly we have completed a major multi month 3 Drive pattern and have sold off over $4.
The last 2 sell offs have been in the range of $5-$6 so this could do something similar and head higher.
At this stage I think we have topped and should see a decent correction to around $80 or possibly more if you look at the weekly/Monthly charts. I will post the longer TF charts in the comments.
The other option is that we get one more rally up to the $100 mark to complete the last ABCD 3 Drive pattern.
What im waiting for now is a PB into the 50-61.8% from the current move down to short and go from there. Once again I will post shorter TF charts in the comments with the intraday AI for today.
Everyone is talking about OIL to 100-150 and more but if we look at history in 2008 there was talk of OIL $200 but within a year it was back down at $40. Dont always believe what you see in the Media..
I hope this helps with the OIL and how im looking at it.
Enjoy the day.. 👍👍
Bình luận:
On the longer term TF we could come back to $50-60 and still be bullish.
On the longer term TF we could come back to $50-60 and still be bullish.
Bình luận:
If we are in the 50-618% area at 7:30pm Jakarta Time this evening that will be a set up I look for when entering trades. Patterns + AI. 👍👍
A lot of info, I hope it helps.
If we are in the 50-618% area at 7:30pm Jakarta Time this evening that will be a set up I look for when entering trades. Patterns + AI. 👍👍
A lot of info, I hope it helps.
t.me/OCEANAISIGNALS
Check out the free Telegram group for Trade set ups and Market Updates. Also one on one coaching now available. Message me for more info and a free 30min consult to see if my strategies work for you.
Check out the free Telegram group for Trade set ups and Market Updates. Also one on one coaching now available. Message me for more info and a free 30min consult to see if my strategies work for you.
15Min chart showing the area that could be a potential sell area.