Crude oil daily targets (also weekly)

This is a discussion on Crude oil daily targets (also weekly) within the Commodities & Money Markets forums, part of the Markets category; Dropped during the night, plan is to be revised. Prolly expecting price to go back up....

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Old Jul 5, 2017, 1:37pm   #9
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Tradersonflow started this thread Dropped during the night, plan is to be revised.
Prolly expecting price to go back up.
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Old Jul 5, 2017, 3:19pm   #10
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Tradersonflow started this thread Well plan was completely off, so stayed out of M.
S/R zones played good though
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Old Jul 7, 2017, 5:18am   #11
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Tradersonflow started this thread July 7th

hmm maybe ? Anyway the lines should be able to play a role in either ways
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Old Jul 7, 2017, 12:06pm   #12
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Tradersonflow started this thread result : +$50 initial risk +$1000 trade, morning,

It should drop more
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Old Aug 10, 2017, 4:23pm   #13
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Crude oil WTI

Crude oil is in wave [4]. We should find the best place to prepare for upcoming wave [5] down. Chart below
shows current situation from a medium term view.
Click the image to open in full size.
As we can see
any pullback toward Fibonacci level 0.618 of wave [3] length is a good place to SELL. This short
position should be held until the end of wave [5]. Wave [5] will start anyway, and any SELL inside
wave [4] space will eventually, bring some profit.
We wait for a high pullback in three waves to prove our assumptions. SELL position could be
established at the end of this pullback, preferably in a target space.
Click the image to open in full size.
Chart above - probable first wave down and a current correction, SELL at the correction end.
We have a full review, where we estimate wave [4] form, awaited fall targets and trading tactics
in details. As usual we track crude oil and all other markets daily.
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Old Aug 21, 2017, 1:19pm   #14
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Meanwhile crude oil goes its way, making our previous assumptions out
of date.
Click the image to open in full size.

Yes, upward move was in sequence [a]-[b]-[c], which is a correction,
and this correction is over by our count. The last wave in wave [c] has
failed to make a new top. First move down can be counted as an inital
triangle, strongly suggesting, that move down has already started. Time
to SELL, current pullback is offering a suitable possibility.

We wait for a downward move on crude oil. Either wave [5] has al-
ready started or any sizeable downward part of wave [4] is running.
You can read more about price targets and trading tactics in our crude
oil short term view.
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