Can this be true? Dez 2016: 75$ ???

14 Jul 2016

What do my tired eyes see?? Isn`t it a big bottom pattern in form of an exemplary H&S?
The RSI signs, that there is still a bit air on the downside. A dip back to the 38,2 fibo @ 41,92$ would be great. A dip to the 0,5 fibo normal and a dip to the 61,8 maximal.
If this level would be bought, a H&S is being formed. Prices above the neckline could interpreted as a BIG LONG SIGNAL.
I have illustrated the possible TPs in my chart

15 Jul 2016

Catatan

15 Jul 2016

Catatan

Microstructure:

1 Agu 2016

Catatan

We have reached the 38,2, no bottom in sight yet! 38,8$ - the 0,5 fibo could be the next target

4 Agu 2016

Catatan

Overview Update:

4 Agu 2016

Catatan

A H&S at that niveau would be nice for my analysis ;-9

8 Agu 2016

Catatan

nice one!

12 Agu 2016

Catatan

Oil reached an important action point -the 38,2 fibo and the former breakout niveau (blue) - at thhis point mythis main analysis started... - for those shorties which have missed the last train, this could be the so called "traders dream" where a new short position could be entered. Will oil trade sustainable above that niveau, the next fight will be the downtrendline @ 45.10$ . Trading above that level will open the next targets 45.63 and 47.13.

15 Agu 2016

Catatan

next target 45.63 reached

16 Agu 2016

Catatan

18 Agu 2016

Catatan

Today we have reached thze 61.8 fibo of the downswing 51,6-39,3. the open position is comfortable in the win - at presesnt ca. 7$! At this fibo level i exspect a corrective downmove - perhaps down to the "traders dream" - the 38,2 fibo from the movement ( 39,3-47,04) at 44,82$ - the former breakout level!