DanielKjoelstad

DanielKjoelstad Updated 

Lets see how this plays out the next weeks and after the upcoming Opec meeting late Nov16. I am expecting a break out upwards that will have price recover up to around 60, the prices highs of May15.

DanielKjoelstad

I do not think we will go any lower than around 2060 before the election which is where the weekly earlier top trendline goes, as well as the fib 0.382 since the Brexit bearish drop. -That is ofcourse if Hillary wins the election. If Trump is to win, expect at least a drop down to 1950 which is the fib 0.382 of feb16 after the China breakdown. For traders with...

DanielKjoelstad

Expecting a negative breakout of the triangle which seems to be forming in wave 4 of this negative primarily impulsive wave count. Opinions are appreciated:)

DanielKjoelstad Updated 

Updated opinion on the intermediate wave structure. Feel free to leave comments, questions or suggestions!

DanielKjoelstad

Possible primarily wave count on the monthly chart

DanielKjoelstad Updated 

There is a wedge forming out from the channel up. We might get a bearish break out soon if the wave count proves correct.

DanielKjoelstad Updated 

FOMC meeting tonight will probably be the trigger for a move up from the ascending triangle that has formed inside the rising wedge on the daily chart.

DanielKjoelstad Updated 

Possible long term wave pattern. If valid we seem to be in a ABC correction, and should expect a move up in price to point C. The first target zone would be last impulse wave 4's zone which goes up to around 62.5

DanielKjoelstad

We are now near the upper bearish trendline defining point (B) in the proposed corrective wave count. I would look for shorts now, and I am expecting a breakdown in the nearest days. I would place my SLs around 1.13400 above the latest swing top.

DanielKjoelstad Updated 

Expecting price to move more downwards within the bigger falling wedge of the weekly channel (purple).