The possibility of a 15- month H&S bottom on the weekly chart has given way to two very different Crude Oil Possibilities.
The possibility of a 15- month H&S bottom on the weekly chart has given way to two very different Crude Oil Possibilities:
(1.) An “end-around” the 12-week symmetrical triangle, or
(2.) Substantially greater morphing of the chart. I favor the “morphing” option.
Under this option, prices could trade back into the mid-$30s.The weekly continuation chart shown is based on a roll-at-first notice date.
(Click on image to enlarge)
Factor Membership is now available, including a quarterly option. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work. Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about.
Comments
Log in or sign up to join the conversation.