Crude Oil weekly chart study

11 сент. 2018 г.

Crude Oil weekly chart study.

We see that the Fibonacci levels as well as the pitchfork boundary coincides and shows a strong resistance and a possible price reversal zone. RSI divergence also substantiates our bias. We will confirm the beginning of a new downtrend only after the wedge breakdown.

2 окт. 2018 г.

Заметка

Moving towards the wedge top

4 окт. 2018 г.

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Could face strong resistance hereafter (76-78)

23 окт. 2018 г.

Сделка активна

Rising wedge broken

13 нояб. 2018 г.

Заметка

Massive fall since the rising wedge was broken and Crude hit the pitchfork resistance.

15 нояб. 2018 г.

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Levels to watch out for next ---> 54-52 zone and 47-49 zone

20 нояб. 2018 г.

Заметка

Crude oil currently at 54-52 zone. Expecting an intermediate bounce from here. One should avoid going long as the major trend is down. Short sellers can book profits here and wait for a bounce before taking fresh short position.

24 нояб. 2018 г.

Заметка

Crude oil closed below 200 week SMA which is a further sign of weakness.

13 мая 2019 г.

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Moving exactly as expected.
Could face resistance at the pitchfork boundaries as plotted.

24 мая 2019 г.

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After struggling at the pitchfork boundaries for almost a month now Crude oil is falling sharply

9 мар. 2020 г.

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Moving exactly as plotted.

9 мар. 2020 г.

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At pitchfork median

20 апр. 2020 г.

Заметка

Moving towards the pitchfork bottom