ScotThomsen

ScotThomsen

On lower times frames, there's a Gap at 120, so likely that's where she's headed...

ScotThomsen

The tape reading is Bearish on a 30 min. chart! Hitting resistance while Banks are selling, and Net Volume is dropping etc. Retail candles are also Bearish, since they're not able to break recent highs...

ScotThomsen

The tape reading is Bearish on a 30 min. chart! Hitting resistance while Banks are selling, and Net Volume is dropping etc. Retail candles are also Bearish, since they're not able to break recent highs...

ScotThomsen

The tape reading is Bearish on a 30 min. chart! Hitting resistance while Banks are selling, and Net Volume is dropping etc .

ScotThomsen

The previous 3 "Halvings" have skyrocketed historically! We're looking to Buy discounted pullbacks...

ScotThomsen

Very likely 1900+ to take-out stops above 1880...👍😎 Also,1840 was best long entry at bottom of corrective wave 4!

ScotThomsen

Wave 5 ended at 97 now it's heading north towards 106 likely...

ScotThomsen Updated 

Banging a lot of Resistance at the moment! Likely another drop towards 93 or so...

ScotThomsen

There's a lot of US$ strength at the moment, which could push CL1 crude oil further south...

ScotThomsen

Wave 5 may be over since it couldn't break northern structure. The Bias appears to be south now towards 100, which is the bottom of the long wick on a 4 hr. chart likely...

ScotThomsen

That's a classic analysis where all parts came together, using Wave counts, Trendlines and a Fibonacci sequence! It appeared to be a no-brainer on a 35500-reversal position, which played-out big!

ScotThomsen

The price appears to be on a Five-wave sequence heading north ping-ponging off of key Fibonacci-levels as illustrated on the chart.

ScotThomsen

Oil reserves came out on the high side, it could drop on a Wave 5 towards $90/barrel...👀