Still seems bearish...next shortterm target 42,3$?
After the in my former Analysis exspectet break of the 44,5$, the downtrend and bearish momentum accelerated..
Former Analysis:
Shortterm view: Smells bearish
Shortterm view: Oil reached an action point @ 44,5. For me it really looks bearish ..the only thing that makes me thinking of is the oversold RSI ..because of the oversold situation i have illustrated the alternative way of my view (orange arrow). Prices below 44,5 are bearish - the tp copuld be 43$
Comments are welcome - agree or disagree !
Former Analysis:
Shortterm view: Smells bearish
Shortterm view: Oil reached an action point @ 44,5. For me it really looks bearish ..the only thing that makes me thinking of is the oversold RSI ..because of the oversold situation i have illustrated the alternative way of my view (orange arrow). Prices below 44,5 are bearish - the tp copuld be 43$
Comments are welcome - agree or disagree !
Nota
Jihaaaaaaaaaaaaa - downmove is in full swing!!! Nota
only trading above 43,3 will brighten the shortterm chart Nota
oil fully reached my shortterm target - nokw the Situation is strong overwsold in this timeframe.... RSI oversold - Price out of the BBs!!! It has toswing back a bit and reenter the BBs.! Nota
big Picture: we are trading near the big 38,2 fibo - the possible right shoulder. In the daily, there is place for a further downwave ( 41,8 / 38,8), the Situation is not yet oversold Nota
the 38,2 fibo @ 41.92 magically attracts oil ! Nota
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42.6 / 42.4 are the Levels to watch for shorts (shortterm) - the chart only brightens above 43$ in this timeframe Nota
reached next Action Point rsi nearly oversold in this timeframe Nota
RSI again nearly oversold - perhaps oil will test the 41.90 again before the next doenwave Nota
oil reached next action Point! Nota
aha aha Nota
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reached again an Action Point! Nota
Flag is active now Nota
perhaps we will see a retest of the bo-niveau @ 41.65 - the rsi is oversold again Nota
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oil nearly reached tp Nota
will we see a dip to 40.5 today? Between 40.5-40.75 i exspect a shortterm countermove Nota
DING DONG!! TP reached!! CHEERS! Trade chiuso: obiettivo raggiunto
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