Analysis of the downtrend from the high in June:
Initial 6-day mode sets up and target reaches - both time and price.
The next mode sets up at 99 and is 11-days and both time and price projections are met.
Another 11-day mode sets up and almost reaches the projected target before rebounding and collapsing after 11-days expires.
A new 14-day mode sets up at 93 and day-1 of this 4+ dollar range projects a drop to 89 in the next 13 days (today is day 1).
Tim 91.32 -1.08 - basis December Crude Oil - 2014
Initial 6-day mode sets up and target reaches - both time and price.
The next mode sets up at 99 and is 11-days and both time and price projections are met.
Another 11-day mode sets up and almost reaches the projected target before rebounding and collapsing after 11-days expires.
A new 14-day mode sets up at 93 and day-1 of this 4+ dollar range projects a drop to 89 in the next 13 days (today is day 1).
Tim 91.32 -1.08 - basis December Crude Oil - 2014
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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.