CLG2019 IDEAS AND PREDICTIONS : 31st Dec,2018-4th Jan,2019

22:00 EST 31/12/2018

Long Term : CLG BROKE 3 HOURS RESISTANCE. NOW IT IS HEADING TOWARDS 4 HOURS RESISTANCE WHICH IS IN NEUTRAL. IT SEEMS LIKE IT IS FORMING A M WITH 4HOUR RESISTANCE AS BASE. SO IT IS EXPECTED THAT OIL MIGHT MOVE UPTO 4 HOURS TARGET AND THEN COME DOWN TO 1 HOUR SUPPORT AND THEN BOUNCE AGAIN TO BREAK THE 4 HOURS. 6,8 HOURS ARE STILL IN CON NEGA ND IF WE SEE FROMA A LARGER TIME FRAME PERSPECTIVE THEN THERE ARE A LOT OF CON NEG STILL LEFT. IF 4 HOUR GAVE RESISTANCE THEN IT MIGHT FORM A BIG W WITH HIGHER HIGH AND THEN BOUNCE.

Short term : ON A SHORT TERM CLG IS EXPECTED TO GO TO 30 OR 45 MINS RESISTANCE AND THEN COME DOWN TO EITHER A LOWER TIME FRAME SUPPORT OR DIRECTLY TO 1 OR 2 HOUR SUPPORT AS 45 MINS IS IN CON NEG AND 1 HOUR SEEMS TO BE FORMING A W WITHIN A M PATTERN AND HAS TOUCHED 2 TIMES ALREADY. IF 45 MINS RESISTANCE BROKE THEN IT MIGHT MOVE UPTO 4 HOURS. RB TREND IS POS. AND CORE STRENGTH IS 1 HOUR.

strength : 1 HOUR (FOR LONG TRADES) AND 45 MINS(FOR SHORT TRADES)
Confirmed Negative : 45 MINS, 6,8 HOURS.
Confirmed Positive : 1, 10 MINS

Largest TF Positive Indicator : 2 Day
Largest TF Negative Indicator : 7 MINS