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Crude looks bottomy here


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#1 Geomean

Geomean

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Posted 19 April 2017 - 02:04 PM

The hourly chart is 1 bar away from printing a TDSEQ buy set up (which can complete above the spike low of the am).  I'm counting minute wave b as complete and DeMark Indicators™ in the 10-min are signaling an entry.

 

The TD Propulsion™ was triggered by today's decline below the .236 retrace(52.65) of the rise from March 22 to April 12 so the minimum target was 51.48.  We hit 50.51 at the spike low.  50.34 is the bottom of the prior wave 4 of lesser degree and close to the .5 retrace of this last swing up.

 

 


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