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.
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