Trading Edges That Last
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Spike and ledge first target reached. As long as the baseline of the spike and ledge acts as resistance, the next target below is in play.READ MOREFollowing is the weekly chart of Bitcoin. 75 / 75 is a classic chart pattern where an immature market crashed hard but holding the absolute 25% price ...READ MOREPart of Art of Chart Reading The terms swing high and swing low often show up in all kinds of technical analysis discussions. They are simply the local extremes that are ...READ MOREPart of Art of Chart Reading Summary Measured move is a name given to a highly structured price movement that consists of 2 swings in the same direction with a ...READ MOREFollowing is the weekly crude oil chart with STOPD levels marked. 1. The importance of year 2012 – it is an inside year and historically for most ...READ MOREChart below. It is not that complex. Just spike and ledge on weekly. Mission accomplished today.READ MOREDec 1st, 2016 special update on stock market, bond and crude oil. (premium member only content below)READ MOREThe chart of Nasdaq Composite below. If this is the anti-crash climax following power law distribution like what happened to Nikkei many years ago, not only the ...READ MOREChina Finally Discloses Its Petroyuan IntentionGold Reached First Downside TargetBitcoin: Where to Go From Here Dec 2014Swing Highs And Swing LowsMeasured Move (a.k.a. 1-to-1 Swing, ABCD Move)Where is Crude Oil Heading According to STOPD?Why Nikkei 16000 Has Always Been The Target?MBO Issue 59 (Nov 2016) Special Update 2Double TopNasdaq Composite At Critical Juncture Now
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Crude Oil Outlook
Daily chart on crude.
I marked the first quarter STOPD Levels.
If there is a 3rd push back up, it will be back up to 107-107.5 where the 1st quarter low is.
It is not a long term bullish play.
Instead, this 3rd push up is a short term counter-trend swing play.
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