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Wtioil

Are we looking at the biggest crash in the market??Based on my analysis I believe we are approaching another crash in the market, probably the biggest one yet.. NASDAQ is rising on hopes and dreams, FED are pumping money into it left right and center, and it has reached a new high. There is a considerable amount of divergence on EVERY time frame and yet price has barely gone down. Dow Jones is approaching its previous highest high where it took a tumble SP500 is also doing the same as DOW And now OIL is reaching a point in the market where it previously crashed I suspect Nasdaq will flutter around and consolidate until DJ30 / US500 and Crude OIL catch up and then everything will crumble at the same time. I may be wrong but these are my thoughts on this madness
TVC:USOILShort
by FXKing009
1
NYSE:WTI P-Modeling Pt 2. Harmonic Strings of The Illusive CajunWelcome Hyperspace Agent. This is an analysis of WTI OIL. In order to understand where we are now, you must see the entire time-series of Part One. Press Play first.. Then View Snapshots In Order Then scroll to see Time-Series Snapshots In order. This idea is from Sept 2019. If you skip the step above.. you won't understand... how i progressed to what I am presenting now. Or if you simply don't care.. That is perfectly ok! No one is forcing you. But you prob won't get it either way. And if you do...? well.. gold star for youuu. . _______________________________________________________________________________________________________ Nothing is placed randomly. The original idea *PART ONE* nailed the targets, but was incorrect on timing. However, once adjusted it can be viewed in Time-Series fashion how the targets were indeed hit quite in an interesting manner. Both Part One and Two are on the same time-frame. The inverted cup and handle was executed. It had a harmonic exit.. so my initial timing was off. This was validated with the snapshots in Part One. But then it deviated after completing the original harmonic goals.. So two propositions began to develop. Proposition A is in the yellow trend. Proposition B is in the Red trend. We inch a tad higher? and Wham..Bam. Slapped down.. Catalyst.. Dropped demand of oil as USA and globe enters Wave Two of Covid-19. or The idea is we have a second bottom. But a true Bottom. That is outlined in Proposition B. Adam and Eve as they may call it I guess?.. I think we are going to execute Proposition B. Mere Penny's. However, keep an eye on proposition A and the structure of the chosen fractal vs the actualization of the trending. It will not be exact... Not always at least. ;) This is simply an update to see how the rest of the story plays out. There is def a lot of validity to it. Now let's see if we can refine it further.. Trial and Error. Failure is a necessary component of success. Thanks for Pondering the Unknown with Me, Glitch420
NYSE:WTIShort
by Glitch420
2
WTI oil price, where next? Hello traders, on Friday we've seen strong buy pressure dove the price up after Thursday prices decrease (could be related to the IEA report release where they expected an increase in demand), however, we can see clearly that the price is ranging in a bullish triangle, any break above the resistance line could take the price higher, the current resistance price level (41-42$) was support level for 4 years ago! on the other hand, any breakdown of the support trendline could lead to a big price correction. Your comments are welcome. Remember this is just my own thoughts, not financial nor investment advice. trading is risky and you should do your own research before engaging in it.
O
by Volume_FX
WTI Oil: Made a Top formation on 4H. Two possible rebound pointsWTI Crude Oil is trading within a Channel Up on the 4H chart (RSI = 36.632, MACD = 0.170, ADX = 31.347). The MACD turned flat and as you see on the chart that has been a signal of a top formation on three previous occasions. In two of them the price dropped a little more than -11% and on the other around -15.50%. The Symmetrical Support zone that held on three occasions since June 16th is 37.50 - 37.00. It is possible to see the price rebound either there or a little earlier on the 4H MA200. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NYMEX:CLQ2020
by InvestingScope