WTIC…
Back testing the 50 MA and 50% fib…
OBV in “caution zone”
Futures down…
Watching to go short again…
TZA
RUT
Overhead resistance remains–some week, day, hour this should breach the 13 EMA to the downside for starters…
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17 THOUSAND PHYSICIANS AND SCIENTISTS
FINAL TALLY : COVID INFECTION FATALITY RATES
NEVER EVER
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THE SCIENCE
WHERE DOES ELECTRICTY
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ALTERNTIVE MEDIA INDUSTRIAL COMPLEX
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ALAS N95 MASKS
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OH WHAT A TANGLED WEB
* DIED SUDDENLY
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YOU MURDEROUS HYPOCRITES
* A LOST SMALL TOWN
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* WELCOME *
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WE ARE
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* FIRST A TRICKEL THEN A FLOOD
* SPIKE PROTEIN = CANCER
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* WHO ARE THE VAXX REFUSERS
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POSTING INFORMATION
Horvat on WTIC
https://www.investing.com/analysis/elliott-wave-analysis:-crude-oil-looking-higher-200199062
Good example of nesting (subdividing) within an EW structure.
Clearly impulsive (not corrective) but also incomplete (w4 and w5 remain).
Suggests also that we bottomed for the complex last week.
Thanks, slope 20 still has upside potential…might be better to buy the pullback…will follow–your contributions are helpful 🙂
I agree with the buy the pullback, watching the 45.00 area, I am going to take a bite.
Several weeks back when this topic was hot, I posted my disagreement with the uber bear case (at this time) for the energy complex, and indicated that we were NEAR a major bottom.
I still cannot confirm that we have formed a major (LT) bottom off my own work. Although we are now even closer to doing so. (And EW suggests we in fact, have bottomed)
I presume that when Horvat’s w5 concludes (forming larger W1 up), we will likely get a DEEP retest of the lows (W2), ahead of a more sustainable rally in W3.