US 30 possible near-term bottom forming- gap to fill up

20 Kas 2018

Chart self-explains. Could sure get lower but behavior suggests a bottom retest may be in at 24421. Wait on 4hr to confirm it.

Could get a strong lift into December off these lows to form a right shoulder before the bears really tear into it. Unpredictable now.

Just an idea not trading advice- trade at your own risk! GLTA!

20 Kas 2018

İşlem aktif

It has formed a bull flag in the 15m intraday. IDK... not going long yet!

20 Kas 2018

Not

Err-- 'bear flag' sorry - countertrend pennant. As Mr Unwind noted, too soon to commit to long position yet, but too risky to bet on a further decline IMHO. I expected lower, see if we get it!

21 Kas 2018

İşlem aktif

Sure looks like it will retest lower lows, extreme, relentless bearishness. Stay tuned!

21 Kas 2018

İşlem aktif

Futures point to a lift in pre-holiday session, there's that gap to fill above around 248-249; we have an EW five wave impulse pattern forming here in C leg, if a countertrend wave 4 forms today, it should provoke a bearish reaction; the fifth wave down could retest lower lows and spark capitulation panic. Still too soon to go long, trend remains bear- be carefull!