Been watching this for a few months. I have placed at fib on this and was watching price, this afternoon i started opening shorts given that the 50% fib looks to have been rejected. Initial target area at the shaded area of between 1220 to 1210. I'll be looking at that level for some additional follow through, and should this occur i'm looking at the next level...
I was expecting this to breakout to the upside last week, but price started to change to the downside, closed out my short term longs, and then price just sliced through the upward support. I remained neutral, up until today, I have started to open up shorts and looking for the 0.618% fib to be taken out, should this happen, then i will add, i see this going to...
Refer to previous update, this shows longer period using HA candles.
Rejection of the 1.0800 level, looking for continuation to the downside with target remaining at the 0.9894, SL 1.0715
16th January 2017 Here's another update with revised levels and targets. Have drawn in the red sloping line, i am looking for price to stay within this line, with a push below the blue dashed line at $ 50.90 should give direction. Then a push below the green dashed line at $ 50 should give confirmation of the move. I am in late on this one, should have been...
Here's my idea, I have short orders at 1.0840 & 1.0870, looking at the chart price has hit the 50% fib, that said could we see a retrace back to the main resistance line at the 1.1150 level?, I have 2 areas where price may go the other is at the 1.1050, or do we see this breaking down at this current level. It looks like it has higher to go, with increased obv,...
Looking at this from the low at 124.786 to swing high at 148.459 and then using a standard 50% Fib retracement at 136.613, fits in with the current support level at 136.453. We have 5 straight days with green candles then this is looking good for my new updated target to reach the 1.236 fib level at 151.275 which also would fill the gap. I'm currently long.
break below 140.40, then i see 136.40, with my 1st target price at the 132.70, then 117.00 in march. a break above 144. then i see 151.275 to the 155. level possible
14/01/2017. Hello All I am currently looking for a long entry position, but will wait to see if it can close above the 141.565 on 2 consecutive days. I had earlier looked for a retracement back to the 149.500 - 149.600. I have since been reviewing the chart using the M; W; D; 4H; 1H, and just noticed that we have a June gap on the daily, highlighted in lime...
Awaiting confirmation before entering long from the 1207 level. we may get a retracement back to the 50% area, if so then this would be a good entry point, which would be in the area of $ 1,165.0 Gold updated with end targets at $ 1,415 & $ 1,436 levels
Short setting up, looking for entry at 53.90 with a 50% re-tracement back to the 40.70 possibly lower to 37.70. At these points i would look at opening up long positions with target to previous high at 62.58
Looking at this area for a possible short entry- between 51.0 & 51.5. with target at 44.6; 40.0. That said the $ is looking strong and this might continue and push oil above the 51.5, if it does then wait and see approach.
See chart. Long just now, but short when it enters my 2nd area target zone of 1.0750 - 1.0850 Looking for a pull-back to areas shown on chart, then as we move through the month of December a downward movement to near parity/parity.