Been long on WTI for a while now.
It has been following the Fib series closely.
Looking for $62 area for top, then continue drop?
Currently at an important Fib resistance.
If it rejects, then I will close my longs.
But I expect it to break and continue higher.
It has been following the Fib series closely.
Looking for $62 area for top, then continue drop?
Currently at an important Fib resistance.
If it rejects, then I will close my longs.
But I expect it to break and continue higher.
Comentarios:
Still making steady progress
Close up shows we are at a resistance for sure will be an interesting week, for sure.
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Close up shows we are at a resistance for sure will be an interesting week, for sure.
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Comentarios:
And the Beat Goes On, with a perfect bounce off the blue 5.236
Closeup highlighting the Green fib (on original chart but exteneded here) looks to still have some influence, but clearly the higher tf Blue fib is the primary drive. Thus my target at "Confluence of 2" (green and blue 4.236's) around $62 still looks good.
Zooming further, we see three distinct waves since the $51 bottom And once again the $62 target looks perfect, with a confluence of Purple 7.618 and Green 8.382. (for some reason Band 8 often respects the .382 rather than .236). So all in all I say $62 here we come.
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Closeup highlighting the Green fib (on original chart but exteneded here) looks to still have some influence, but clearly the higher tf Blue fib is the primary drive. Thus my target at "Confluence of 2" (green and blue 4.236's) around $62 still looks good.
Zooming further, we see three distinct waves since the $51 bottom And once again the $62 target looks perfect, with a confluence of Purple 7.618 and Green 8.382. (for some reason Band 8 often respects the .382 rather than .236). So all in all I say $62 here we come.
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Operación cerrada: objetivo alcanzado:
Terget hit. Might go higher but I have booked profits on 80% of the position, letting the rest ride
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will add on pullback. .
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Zooming in and extending the green fib
Green Fib by itself
Overlaying both fibs gives us some zones of interest