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 !
Catatan
Jihaaaaaaaaaaaaa - downmove is in full swing!!! Catatan
only trading above 43,3 will brighten the shortterm chart Catatan
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.! Catatan
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 Catatan
the 38,2 fibo @ 41.92 magically attracts oil ! Catatan
Catatan
42.6 / 42.4 are the Levels to watch for shorts (shortterm) - the chart only brightens above 43$ in this timeframe Catatan
reached next Action Point rsi nearly oversold in this timeframe Catatan
RSI again nearly oversold - perhaps oil will test the 41.90 again before the next doenwave Catatan
oil reached next action Point! Catatan
aha aha Catatan
Catatan
Catatan
reached again an Action Point! Catatan
Flag is active now Catatan
perhaps we will see a retest of the bo-niveau @ 41.65 - the rsi is oversold again Catatan
Catatan
oil nearly reached tp Catatan
will we see a dip to 40.5 today? Between 40.5-40.75 i exspect a shortterm countermove Catatan
DING DONG!! TP reached!! CHEERS! Trading ditutup: target tercapai
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