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On the 30th April a Forecast was issued calling Top on Crude Oil for the 5th May which has since occurred as indicated on the bar chart . From this point there is a good chance that trend will continue down to the 19th May where Low is indicated but there are also a few minor points to monitor - the 12th May could turn out to be minor low so if the trend moves down into that point and stabilises it could be a good area to take profits if you were short from the 5th May Top . Or alternatively the 12th May could setup as counter trend top and present another good entry point to go short and hold the position down to the 18th May.

You could also just wait for the 18th May to come around which would be wise and a few days before this date we should be in a clearer position to see if market is going to set up into Low in line with the original Forecast



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SP500 July 1st - 8th Top

Just making a quick note - more calculations and research is required to try and narrow the timeframe down but be careful around this one week time window especially if you are already long and we hav

7 комментариев


Miguel
Miguel
19 мая 2022 г.

Well, I think that he has made a maximum on 17-5 (+-1 day 18-5), it is his turn to go down to make a minimum below 96

Лайк

If we do get a bounce off the 19th low, I am wondering where it will be heading?

Лайк

I feel the opposite of your past comments. Based on your line graphs. The price of crude has followed the pattern you presented. It had a bounce after the 11/12th May and is heading down into the 19th! I will await till tomorrow to see if we get a bit lower. Thank you.

Лайк

Posted on the 30th April five days before the Top - Then an update was issued indicating 12th May could be a minor Low and a good point to take profits as outlined below . That is why I present two different directional scenarios sometimes and outline specific dates then once the market moves into that position we can determine whether the date is setting up for top or bottom . Now Oil is trading in a sideways range at the moment so we may revisit this once we get a clear and sustained movement - no point trading something that is a high risk range bound situation .


Oil

On the 30th April a Forecast was issued calling Top…

Лайк

Miguel
Miguel
17 мая 2022 г.

did not work as it did with gbpusd

Лайк
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