Cl1!short
THINK REDForget about the inverse head and shoulders crap.
We arent rallying.
We are going to new lows.
YOY surplus is growing as we now enter seasonal maintenance season.
Global production is surging.
Storage is full.
Market has clearly topped.
50 Day under 100 Day
Seasonality is always weak this time of the year.
Best case scenario opec freezes as levels that are too high to begin with.
Dollar is rallying very hard.
Goodness gracious what a short this is.
The technical analysis for oil (2)Continuing the theme of oil, add one more technical analysis. Other indicators for oil 5 from 5 show us a trend reversal, one and the last signal indicates as technical analysis confirmed this, as can be seen from the chart, the price of oil is in reversal zone that shows us Bears open short positions, and Bulls close long positions, the movement of prices on the H4 cyclically repeating for the fourth time violated, from experience I can say that the price of oil price shows a trend reversal and started preparation downward movement. Based on the foregoing, I declare that it is time to open short positions from 48-47. The first target of 25-28, second target 15-18. If you find a useful recommendation, put Like. Tips: WebMoney Z117104600117
Yours faithfully,
Vinter Frank.
PRICE ACTION / TREND FOLLOWING VOLUME #5PRICE ACTION TRADING.
STEP NINE
Find a supply and demand zone.
STEP TEN
Find a PINBAR at demand or supply zone.
PRACTICE,PRACTICE,PRACTICE AND PRACTICE
SEE YOU AT NEXT VOLUME !!
$CHK Bearish Wolfe WaveHello Traders,
Similar to my CL1! and USOIL charts I posted yesterday. Chesapeake Energy formed a very similar structure. I would be interested to see how well these 3 charts correlate with one another. The charts I am referring to are found below.
Best,
Chartistry
