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Crudeoilwti

NAT GAS LONGPattern 1, Nat Gas green line support broke & made a new low @ 1.87 Pattern 2, Nat Gas green line support broke & made a new low @ 1.50 ???Pattern 3, Nat Gas will??? break green line support & make a new low @ 1.10??? SOLID BLACK RESISTANCE LINE FROM 2010 HIGH & 2014 HIGH GREEN SUPPORT LINE FROM FROM 2009 LOW & 2012 LOW & 2016 LOW Sep 2009 Low - Jan 2010 High=5 MO April 2012 low - Jan 2014 high= 21 Months ???March 2016 low- High Jan 2018= 22 months?? ? 2009 low - 2012 low = about 3 yrs 2012 low - 2016 low = about 4 yrs 2016 low + 5 yrs = about about 2021 for next low???
OANDA:NATGASUSDLong
by sum1
BITCOING TRIANGLE OF LOVEBitcoin still trading in Triangle pattern. There are 3 triangles in different degrees in play with BITCOIN : 1) One higher degree from 2013 HIGH $1100 (REDLINE) & 2012 LOW $5 ( DEEP GREEN LINE) 2) One smaller degree from 2016 high (RED LINE) $770 & 2015 low of $200 (LIGHT SOLID GREEN LINE) 3) SMALLEST DEGREE 2016 JUNE high (DOTTED red LINE) $770 & 2016 Aug low $460 (DOTTED Green line) So once number 3 triangle breaks then it has to test number 2 triangle then PRICE has to break number 1 triangle support to go fully SHORT/BEAR MARKET. ANY THOUGHTS? DISCUSSION WELCOME!!!
BITSTAMP:BTCUSDShort
by sum1
Confluence buy area on crude. Long swing trade. Hello again friends! Today we see that price crossing into a potential reversal area where we see many things have been lining up. First and foremost, notice this steady uptrend. Price has come down in the form of a complex pullback. A fibonacci inversion was taken from the center of this pullback and price has just hit the all-important 1.618 extension, given the context. In addition, a double bottom is starting to form in the same area as a bullish bat pattern completion. Stops are taken 1 ATR from the swing low, which will equate to roughly 2 ATR from the minimum allowable entry candle area to unsure nothing less than a one to one risk to reward ratio on the first contract. The targets are based on a projection of .382 and .618 retracements based on our knowledge of stops and the absolute minimum area which we can become involved in. Should target one be attained, stops then roll to break even on the second half of the position. Also noteworthy is the possible hidden divergence (note the blue lines) between price action and my oscillator. This is nice, as we use hidden divergence in connection with trend continuation, which is what we have here. I do require an entry reason to execute orders. No limit orders here. I will require RSI to enter an oversold condition, and a bullish engulfing candle, or a higher high higher close candle. I will also start to peek around my lower trading time frame that my plan allows for down on the 15 minute to see if I can time my entry in a similar fashion. As of this writing, I'm showing a combined technical score on this bullish trade of 6. Stay thirsty my friends, Benny Manieri
TVC:USOILLong
by BennyManieri
USDCAD | Rogue Wave Ignites Bearish Move | Larger WW In ProgressHello Traders, Here is a wonderful example of a Rogue Wave in progress. A rogue wave explained by Bill Wolfe is as follows: "Sometimes everything is in synch and you will get a rogue wave effect similar to what occurs in the oceans of the world. These can be extremely profitable in the futures and stock market." Although there is a very little mention of the rogue wave in his public PDF file, it is an extremely strong move when it occurs. A rogue wave is when you have two Wolfe Wave's that synch together, ideally having the same point 5 (as the two internal WW's do). This creates a strong reaction to the direction the WW is pointing. When looking at the bigger picture, we can see that there is another WW that is pending completion. This too, is in synch with the WW's currently in progress. Overall, I expect the internal WW's both to hit their target and for the larger WW to complete. Stay tuned, Chartistry
by GWaves
1
Head & Shoulders Formation on Oil ChartThis is not a a favorable risk/reward setup at current price but still a possibility. At the time of publishing this chart, prices were at 43.17 and since we have just touched the long term trend line that is drawn from below 30 dollars level, definitely a bounce can be expected. Also, selling pressure is expected to once again be visible at higher prices. Short positions should be taken in parts at various higher levels as the stop loss is almost as equal to the profit potential target.
TVC:USOILShort
by tomriddle92
Short based on Harmonics and Clones ComboI am watching this potential Harmonic Gartley Pattern. As most of you know i trade harmonics differently than rest i.e i mostly trade the CD leg of potential harmonic patterns. On this one i am already in short from 44.4x area. I will be adding more at the break of 43.4x Clone level for an open target. Levels of interest for downside are: 43.43-42.91-42.38 Levels for upside 43.9x - 44.48 Please trade accordingly, this is not an trade advice. do your due diligence before placing the trade .
FX:USOILShort
by GcNaif