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purpurato59
18. Aug. 2016 12:47

Oil about to reverse Short

Crude Oil (WTI)FXCM

Beschreibung

After this fast rally, oil is soon arriving at the crossing of the Ichi cloud. At this point you will also find the 2,618 extension of the first retracement of the rally (last idea stopped). I will wait for my signal and position once I have confirmation. The two indicators shown are both overbought and may be used to signal the entry.
I also think some big movements are coming in gold. See related idea.
Thanks for your comments and likes.
Kommentare
pmcllc
it broke through the cloud maybe going higher?
purpurato59
That's a valid remark.
I would wait until one of the indicators comes back from the overbought. Trying to catch tops is not a good idea.
TreeDoc
That area around 46.6 is going to be hard fought over, unless it's taken out in the Asia/Europe session following the hawkish Fed statement.
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