CL ETP-1 Pattern showing potential bearish move

26 Mar 2018

Not a big supporter of this move but resistance is good. Almost into the 1.41 fib time extension so the trade might not even fire off before probability runs out. Attaching a gold chart to this one too in order to see where the commodities are all going.

31 Mar 2018

Not

Notice how when price went into the "no-go" zone of the 1.14 fib time extension on this xabcd pattern we just started to drift sideways and lost our ability to forecast a reversal?