We got the close above daily 50SMA yesterday, here are some preliminary 100% measure moves for CL. Targets 45 and 46.40. Final confirmation = trigger above 49.33, that’s a no brainer buy stop level
Daily 200SMA = 55.16
As mentioned previously, CL first time above daily 50SMA in 80~ sessions. Momentum shift bear->bull confirming.
10:11 AM 9/17/2015
moving up for the first (and false) breakout?
then down pre FED
then skyrocket post announcement?
(wildest guesses
H/L est 1999.25 1973.75 25.50)
(ignore coloured bands - old stuff)
Attachments
up to break ??
Educational only and not trading advice (EO&NTA) Good trading to all
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Just FYI, 1HR flashing Extreme Hourly Overbought Signal, this bull train has been incredibile it hasn't touched 8EMA since yesterday's 9:30 open. Amazing!
Personally, I will probably be out of all TSLA calls by end of today, unless we stay above 265 or 270. Keep it simple.
We got the close above daily 50SMA yesterday, here are some preliminary 100% measure moves for CL. Targets 45 and 46.40. Final confirmation = trigger above 49.33, that’s a no brainer buy stop level
Daily 200SMA = 55.16
As mentioned previously, CL first time above daily 50SMA in 80~ sessions. Momentum shift bear->bull confirming.
We got the close above daily 50SMA yesterday, here are some preliminary 100% measure moves for CL. Targets 45 and 46.40. Final confirmation = trigger above 49.33, that’s a no brainer buy stop level
Daily 200SMA = 55.16
As mentioned previously, CL first time above daily 50SMA in 80~ sessions. Momentum shift bear->bull confirming.
Targets 55, and 56.40. Sorry typo
mind the USD on 200d , and mind the FOMC.. 'careful' of wild swings.. just prior to the release at 2:00pm.. golds/oils/USD move sometimes prior.. in a big way.. in both directions.. and not always in the "right" direction.. .. need to see once the dust settles..
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fehro wrote:
mind the USD on 200d , and mind the FOMC.. 'careful' of wild swings.. just prior to the release at 2:00pm.. golds/oils/USD move sometimes prior.. in a big way.. in both directions.. and not always in the "right" direction.. .. need to see once the dust settles..
And hopefully.. no FOMC leak, no accidental website positing this time...
We got the close above daily 50SMA yesterday, here are some preliminary 100% measure moves for CL. Targets 45 and 46.40. Final confirmation = trigger above 49.33, that’s a no brainer buy stop level
Daily 200SMA = 55.16
As mentioned previously, CL first time above daily 50SMA in 80~ sessions. Momentum shift bear->bull confirming.
Targets 55, and 56.40. Sorry typo
mind the USD on 200d , and mind the FOMC.. 'careful' of wild swings.. just prior to the release at 2:00pm.. golds/oils/USD move sometimes prior.. in a big way.. in both directions.. and not always in the "right" direction.. .. need to see once the dust settles..
Yes agree, that's why need the final confirmation. These are just preliminary targets for the 100% measure move
overshot, vol surge, so might be a pullback here first then we'll see.
Attachments
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fehro wrote:mind the minor bearish rising wedge.. SPX 5m.. SPX green VIX green.. some one is not telling the truth..
my only concern with Cobra's ascending triangle....could be single ascending bust...we near an imp. Fib retrace from recent highs? http://thepatternsite.com/BustAscTriangles.html
then your lower left pic could come into play quick...
yup ..or choppy up... in messy fashion, and bear flag.. bottom right.
Amazon $1 from first target 537, took 50% off - guaranteed green now. No need to be greedy. 4 days in a row of easy money setups...cherish it while it lasts cuz you ain't gonna get this many next week. That's for sure