Crude: Uptrend about to expire

13 May 2015

As the title says, there's a confluece of the daily uptrend signal with a 4h uptrend signal.
Both point to the same time for expiration of the bullish momentum.
Since the top I initially called in my other chart (see related ideas), crude fell down in a potentially impulsive manner, implying a resumption of the long term downtrend was at play.
I still think that's the case, and would only be invalidated if my EW count is incorrect, or if there is a move above 62.55 here.
EW matters aside, time at mode points to a turn to the downside soon, and that would imply potentially great opportunities:

• Short EURUSD and GBPUSD
  
• Long USDSGD, USDCAD and USDCHF.
  

Keep an eye on this chart.
Good luck,
Ivan.

2 Eki 2015

İşlem kapandı: hedefe ulaştı

Uptrend expired, mode retested.