Member
Posted 14 July 2018 - 04:27 PM
Last post for the weekend...
It appears to me that Crude may have reached its counter-trend top... if not, it will not likely be much higher.
With the DXY bear market over and a new bull market beginning, this makes sense to me.
Link to chart: https://postimg.cc/image/x6zbqzkrd/
Link to chart: https://postimg.cc/image/r61mu05vt/
Link to chart: https://postimg.cc/image/kscjqr8pl/
Member
Posted 15 July 2018 - 03:32 PM
Agreed as the XLE never confirmed the June rally:
2018-07-05 17:22:29 fib1618: looks like we have a rally failure today in the WTIC
2018-07-05 17:23:03 fib1618: as it challenged the intraday highs of Tuesday today
2018-07-05 17:23:25 fib1618: before finishing the day below the four previous closes
2018-07-05 17:23:41 fib1618: and on above average volume in doing so
2018-07-05 17:23:50 fib1618: this is likely an important top
2018-07-05 17:25:16 fib1618: and where, with the non confirmation we've been noting with the XLE during this run, we could see the pattern selloff hard like copper has from its peak of early June
Fib
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