Bankbrother

Bankbrother

Sorry - corrected minor pitchfork a small amount - changed chart time frame - added fib - GL

Bankbrother

Same chart - 4 hr for tracking

Bankbrother Updated 

Supply /Demand set on wkly chart - battlefront and my guess is bulls want $ 60 which happens to be .382 retrace from 4/2011 peak - coincidence ??

Bankbrother

Well this retrace should end - we've hit the median from downtrend - GL -

Bankbrother Updated 

well we've hit .886 retrace up from bottom I'm assuming we are now starting down trend from Nov.11/17 move up. 1st target .382 /Wkly/Demand zone - eventually .5 - .618 - Dxy should rise from the dead with Tax bill passing . Good luck - be careful out there

Bankbrother

Let's se if we hold - new pivot for pitchfork - Eur is my confirmation

Bankbrother

Channel(s) top ? -upper pink Trend line - May-June 2015 - different Elliot -test - Divergence ? - Iraq / Venezuela important factors . We've reached high retrace from Sept 28 high - hoping we drop for profit taking. watch for grabs -Be careful out there . GL

Bankbrother

This is my reasoning for my "assumption" that we will go short ( Demo) Extend these 2 lines and see influence on present pivots . GL - Looking for support/ resistance .

Bankbrother

I try to look back to see a general direction - these trend lines are what's influencing my opinion . Extend both - be exact -we've stayed below the dark red line . But time will tell . Good R/R ratio sell peaks watch for grabs - Eur/Dxy in play - USD needs to put on it's pants. Good luck.

Bankbrother

Looks like retrace possible to green channel "bottom" -

Bankbrother

Assuming short to .5 retrace or better - call me crazy - key Resistance at present - break resistance and up we go .

Bankbrother

Daily - watching "blue" channel top -bottom blue from M-J/15 - ADX on top set 3/34 -if downtrend continues ADX should rise - I hope - watch for grabs - Eur/Dxy broke - we'll see if Wti follows Good luck - be careful out there . Some trend lines may have been set on diff time frame .

Bankbrother

Supply retest complete my guess fib retrace .618 - .786- API # Wed - -

Bankbrother Updated 

Here's the DXY I expect a test of Demand below - watching MacD & Stoch for confirmation of bottom . expect stop grabs both ways - be careful out there . FYI Demo trading .

Bankbrother

Daily showing Up trend Fib retrace - poss .5 -or less - watch out for supply above . Dxy is important IMO .

Bankbrother

I still think we have to come down to 40 ish .5 retrace on Up-Trend but keeping an "eye on Supply " above - as always -be careful out there ! .

Bankbrother

Be careful out there .

Bankbrother

I hope they're done grabbing stops -raising the retail price to sell from and start the quest to a lower wholesale price to buy - Retraced to .5 + should drop or play with our minds up to .618 Fib - DXY has hit .618 on retrace and bottom of channel might create the momentum .GL