This ending diagonal on the hourly tells me that this upside is coming to an end.
By taking the previous two candles on the monthly and connecting their lows and highs and where it intersects with this month's time line, price just hit the top.
First I found the channel then I placed a vertical line on the swing low on 5-31-18 and where it intersects with the upper channel, to find the next possible area of resistance @ 2741.50. What was once resistance is now support. That ended up acting as support when the market opened up this week. Then I took the swing low on 6-01-18 and placed another vertical...
After connecting the previous two days candles highs and lows and where they intersect with today's time line. The two levels I'll be watching. And based on futures, I'll be watching when the opening bell starts, the 2755 area first, to see if price opens above or below there, then go from there.
After the market closes, I'll take the previous two days candles and connect the tops and bottoms and let them travel in time with the extended ray. (I will actually right click and select format and put the price in there so it's not sloppy). Then I'll place a vertical line for tommorow's time line. And where the extended rays intersect with the vertical line...
After finding the channel, I placed a vertical line on the previous swing low to give me the next potential point of resistance, where it intersects with the upper channel. Then I placed another vertical line on the previous swing high to give me the next area of interest for support, where it intersects with the lower channel. 2750 and 2617 are what I'll be...
Even though I really don't like using indicators, since they lag, still though it was interesting what they are doing with oil compared with price.
First I found the channel. Then I placed a vertical line on the top of the channel to find the next potential area of support @ the 1.1267 area. Then I placed a vertical line on the bottom of the channel to find the next potential area of resistance @ the 1.2463 area, which price has yet to close above, before it fell.
First I found the channel. Then I took the swing high during the week of 3-19-18, that went out of that channel and place a vertical line there to find the next potential area for support as it intersects with the lower channel. And last week's candle held up around that area @ 69.05. Then I placed a vertical line on the previous swing low during the week of...
Connecting two swing highs and where it intersects with the time line of the swing low in between the two. Then connecting two swing lows and where it intersects with the swing high in between the two. And the two price levels I'm watching.
Connecting two swing highs and then putting a time line on the swing low. And where the two intersect at, seeing if this price level holds up as support.
Connecting a trend line with a swing low and the last lower swing low. Then putting a vertical line in between on the swing high. And where the two intersect is the price level that I'm watching for next possible support.
Connect the tops. Connect the bottoms. To find support, place a time line on the top and let it intersect with the bottom angle. To find resistance, place a time line on the bottom and let it intersect with the top angle. And where the two angles meet, the pivot line. The three areas I'll be watching today.
I connected the last two weeks highs and lows with two trend lines. Then I placed a vertical line for this week's time line. And where they intersect at is my area of interest for support and resistance. Price is currently sitting right on support at 71.69.
After the week is over, I'll connect a trend line to the two previous weekly candles highs and lows. Then I'll put a vertical time line where this week's candle will start. And where those trend lines intersect with the vertical line, I'll put a couple of horizontal lines in there for possible support and resistance areas to watch for during the next week's...
I took the swing low on 5-03-18 with the swing high on 5-14-18 and squared it. Price will be squared tommorow on 5-17-18 @ 2668.36 around 2:30pm New York, eastern time. (I live on central time).
Placing a trend line connecting the two candles on the swing lower low. Then letting it intersect with the time line of the swing high during the week of 2-12-18. Projecting the 1.14101 area as potential support. And with the current speed of the fall, if it coninues at its current rate, projecting it to reach that 1.14 target during the week of 6--04-18.
Take a trend line by angle and connect a swing high with the next swing high to see at what angle price is traveling at, which was 32 degrees. Then take the swing low and put a trend line by angle at 32 degrees and let it travel in time. And where the two trend lines meet and where price is currently fighting it out at.