🛢 CRUDE – 11th week of the base cycle (28 weeks), mature 1st phase. The pivot forecast on February 11 worked as a reversal, similar to the extreme forecast on February 3. This marks the second reversal from the combined resistance of the MA20 and the large triangle boundary, which I discussed in previous posts. Holding the short position from the February 3 extreme forecast. The first phase of the base cycle isn’t over yet, but it is very mature.
⚠️ Note that the pivot forecast on January 17 marked a triple top with the extreme forecasts of July 1 and April 12 (Retrograde Mercury). I maintain my bearish stance, which I explained in my crude oil post from summer 2024. Next pivot forecast for crude: February 24. Next extreme forecast: March 3.
⚠️ Note that the pivot forecast on January 17 marked a triple top with the extreme forecasts of July 1 and April 12 (Retrograde Mercury). I maintain my bearish stance, which I explained in my crude oil post from summer 2024. Next pivot forecast for crude: February 24. Next extreme forecast: March 3.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.