Observations from the past could repeat in future Major double tops around 1534 (2000) 1576 (2007) could became major support Relative lost 50% (2003) (took 944 days) and 57% (2009) (took 548 days) -> if we figured possible 50% drop from 2137 it would gives around 1073.9 which was a support (could be within 1000 days) (2018) Looking incredible? We never knows
MACD bullish divergence? Near double bottom
If it's a flag, possible target 1.0 @ 2.955$
If it's a flag, we should see at least 0.382 @ 40.61$ or even 0.500 @ 42.58$
I found that many members are using in their texts WTI to talk about crude oil but trading view is giving automatic link to W&T Offshore, Inc. which is an independent oil and natural gas producer, Instead members should use USOIL or CL1! To talk about crude oil, also be careful if you're using HR to talk about hours, As you see, Tradingview is giving unsuspected...
If following pitchfork // could reach target
As seen on chart possible short if SPX500 is crossing down pitchforks SWL //
We are in Bullish AB=CD since point D in blue 45.87$ with ratio of 1.13 could short until point D in green at 39.08$ with maximum ratio of 2.618 but actual probability is low because we are having support with pitchfork as seen on chart
We are in Bullish AB=CD pattern could be a good entry point since point D in blue at 41.78$ with minimum ratio of 1.13 AND could short until point D in green until 33.06$ with maximum ratio of 2.618 Actually I'm long as you can see on chart
See that bullish bat aggressive target 14000
20151027 bought UGAZ 20151028 before market open NGAS went up to 10% I said wow I`ll make a lot of money believing UGAZ will go up 30% instead it went down 10% that is 40% gap due to option someone said on chat nice trap
see that parallel line at 0.312 from centerline making a channel could be a good entry point target: higher 0.312 ratio line from CL see other pitchfork acting as another support comments are welcome one side or the other we will learn
I'm using pitchfork for some time now and found it good to indicate some price action in this one for example the price touched (or near) centerline few times now we are having a trend line going down that have been touched 3 times both making a megaphone or Descending Broadening Wedge thepatternsite.com possible target price 2.400 or even higher to 3.010 comments...
If there is a relation between USOIL and UKOIL one is doing descending triangle while the other doing a pennant or bullish wedge wich one is powerful? I'm anticipating a great swing, do you? all comments are welcome, one way or the other, we will learn again
short very bearish target 1558.8 if figure is valid and complete itself