climber76

An attempt to see Chevron in big Picture

Short
climber76 Updated   
NYSE:CVX   Chevron Corporation
2
We can see a very nice Impuls in five Wave up. Now we could be in Wave B. Wave C could be a lot deeper.
Look at the Proportions of Fibo Levels. Its like Magic!
Even we are at this nice CL which is now a kind of resistance.
Let us see in a few Month what happend.
Comment:
Also here. Good Risk Reward for a short. Or even better to sell a Credit Spread.
Comment:
Here we have broken CL. But dont worry. The Market should make a Pullback at CL. Then it will decide if we goes up again or we will make the Wave C. Observe Oil Market. Even XOI
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.