good old inverse head and shoulders on the Weekly time frame (long term)
orange lines show intermediate cycle low timing and we are due for a cycle low shortly (forecast date for intermediate cycle low is a forecast based on past timing, it is a Speculative target in the future. do not short this immediately based exclusively on timing of intermediate decline).
i think the move up will be corrective, but regardless its a trade you want to be in.
there are 2 ways to get in this trade once the intermediate cycle is over- either Long Oil (commodities path) or Short USDCAD (forex path)
orange lines show intermediate cycle low timing and we are due for a cycle low shortly (forecast date for intermediate cycle low is a forecast based on past timing, it is a Speculative target in the future. do not short this immediately based exclusively on timing of intermediate decline).
i think the move up will be corrective, but regardless its a trade you want to be in.
there are 2 ways to get in this trade once the intermediate cycle is over- either Long Oil (commodities path) or Short USDCAD (forex path)
註釋
short term (days) it is not very clear how the structure will develop.currently i have oil in a wave 4 which should reverse soon and make a new high.
i am not very certain of oil making this new high. if we rally but fail to make a new high it means the intermediate decline is starting which will result in yearly low for oil.
regardless my current count and 2 fib projections are attached with temporary target for one more new high in 57-58 range, before drop into intermediate low.
if we have a strong drop below 50, there wont be a new high until after intermediate cycle makes a yearly low.
註釋
here is what i am thinking if the inverse head and shoulders forms as forecast:註釋
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。