This is an analysis of WTI OIL. In order to understand where we are now, you must see the entire time-series of Part One.
Press Play first.. Then View Snapshots In Order
Then scroll to see Time-Series Snapshots In order. This idea is from Sept 2019.
If you skip the step above.. you won't understand... how i progressed to what I am presenting now.
Or if you simply don't care.. That is perfectly ok! No one is forcing you. But you prob won't get it either way. And if you do...? well.. gold star for youuu. <golf clap>.
_______________________________________________________________________________________________________ Nothing is placed randomly. The original idea *PART ONE* nailed the targets, but was incorrect on timing. However, once adjusted it can be viewed in Time-Series fashion how the targets were indeed hit quite in an interesting manner. Both Part One and Two are on the same time-frame. The inverted cup and handle was executed. It had a harmonic exit.. so my initial timing was off. This was validated with the snapshots in Part One. But then it deviated after completing the original harmonic goals.. So two propositions began to develop.
Proposition A is in the yellow trend. Proposition B is in the Red trend.
We inch a tad higher? and Wham..Bam. Slapped down..
Catalyst.. Dropped demand of oil as USA and globe enters Wave Two of Covid-19. or <insert international oil crisis here>
The idea is we have a second bottom. But a true Bottom. That is outlined in Proposition B. Adam and Eve as they may call it I guess?.. I think we are going to execute Proposition B. Mere Penny's.
However, keep an eye on proposition A and the structure of the chosen fractal vs the actualization of the trending. It will not be exact... Not always at least. ;)
This is simply an update to see how the rest of the story plays out. There is def a lot of validity to it. Now let's see if we can refine it further..
Trial and Error. Failure is a necessary component of success.
Thanks for Pondering the Unknown with Me,
Glitch420
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Baseline Snapshot.
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Proposition A and Proposition B is now active.
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red path now active.
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ignore that above ^
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shifted. point of decision in green box.
Prop A and B are still equal.
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shifted over fractal, timing error is satisfied.
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Proposision A is denied. Proposiiton B is now active.
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shifted over red path to accomodate sideways string.