scktrade

scktrade

Upward channel, Fibs, Volume Profile, and a H&S measured move down, all show confluence around the same area should be make a major move down.

scktrade

Either oil will bounce from that yellow, 200 week ma, or we could see it settle back down into the golden pocket area, or around $60/bbl.

scktrade

Each time Stoch RSI moves below 20, the same fractal appears...have we bottomed? Let's hope it doesn't take that long.

scktrade

Monthly Chart Green Line - 21 SMA Buy Zone below the Green Line Each time the RSI touched ~43, the low was in

scktrade

Added a little dubious speculation in there, but if we drop below the regression band the same amount as last time...we end up in the $300-$450 range...which seems to sit right on top of the majority of volume. That's an awful thought. Thoughts?