OIL at slipping down to 70's or up a slippery slope to 100's
My last post on this was in FEB 23 and since a lot of oil has overflowed. Let's get to what's happening and what to expect.
0.01-129.42 then low to 63.61(50%) since then it has moved all the way up to 94.99, is that all from oil. from 63.61-94.99 around 30pts (+/-)some might be asking is this important yes & no, why? 93.00-123.60= 30pts (here we are 63.61-94.99(31.30 pts) close. some will understand and other will not, I will try to keep it simple.
64.41-83.49=1, 83.49-63.61=2,6361-94.99=3?, 94.99- 81.56=4?, 81.56-?=5?= implusive wave, so far on the right track, but 81.56 has overlapped 83.49 therefore 94.99 could have ended the implusive wave as a corrective wave as follows 64.41-83.49=A, 83.49-63.61=B, 63.61-94.99=C (C=1.5XA) CORRECTIVE WAVE.
94.99 is very important for the upside here as a break above here target 100.00 to 104.00.
break below 81.56 then expect 75.00-71.50.
BREAK BELOW 75.00-71.50 then probable price target to retest 65.00-60.00 zone again
Chart Analysis:
129.42-93.00=1, 93.00-123.60=2, 123.60-63.61=3??!!, 63.61-94.99=4, 94.99-??=5... what if price breaks below 80-00-75.00 then expect lower levels for a retest to 60's and if they do break below 65-00-60.00 then price target 53.75 to 44.25. (Scenario for a ALTERNATE BAT PATTERN).
Trade what you see, expect the unexpected, be patient & do your own analysis and what works for me will not work for somebody else.
0.01-129.42 then low to 63.61(50%) since then it has moved all the way up to 94.99, is that all from oil. from 63.61-94.99 around 30pts (+/-)some might be asking is this important yes & no, why? 93.00-123.60= 30pts (here we are 63.61-94.99(31.30 pts) close. some will understand and other will not, I will try to keep it simple.
64.41-83.49=1, 83.49-63.61=2,6361-94.99=3?, 94.99- 81.56=4?, 81.56-?=5?= implusive wave, so far on the right track, but 81.56 has overlapped 83.49 therefore 94.99 could have ended the implusive wave as a corrective wave as follows 64.41-83.49=A, 83.49-63.61=B, 63.61-94.99=C (C=1.5XA) CORRECTIVE WAVE.
94.99 is very important for the upside here as a break above here target 100.00 to 104.00.
break below 81.56 then expect 75.00-71.50.
BREAK BELOW 75.00-71.50 then probable price target to retest 65.00-60.00 zone again
Chart Analysis:
129.42-93.00=1, 93.00-123.60=2, 123.60-63.61=3??!!, 63.61-94.99=4, 94.99-??=5... what if price breaks below 80-00-75.00 then expect lower levels for a retest to 60's and if they do break below 65-00-60.00 then price target 53.75 to 44.25. (Scenario for a ALTERNATE BAT PATTERN).
Trade what you see, expect the unexpected, be patient & do your own analysis and what works for me will not work for somebody else.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.