Here we go next leg up...just had to go sideways enough to wreck all the 0ct18 call expiries. Let's see what happens at 70k...its now or never. Well not never, but back down from here if it doesn't.
I forget the crude measures that others have to use to try to decipher future price lol. EW has been saying this for years...I will just use the c&h so we can compare crude vs crude. 100k may be a psychological milestone, but technically its nothing. Also, the exponential gains are decreasing exponentially. We went from $400---20k--->3k--->68k--->14k--->70k--->50k---? The interesting part here is the 70k--->50k...we are currently in this cycle so really its 14k--->? So let's math it. $400--->20k =4900% increase $3k--->68k=2166% increase $14k--->?=958% increase ?=$148,120 4900/2166=2.26 2166/2.26=958 This lines up perfectly with the C&H which typically sees an extension of 100% from the height of the cup. Anyway this could all be a moot point if this doesn't move soon...otherwise could be in for another correction.
Here I fixed that for you. This chart can be read many different ways...one way is 2023 is the only year that doesn't have at least 4 down months...although in February it was only up .03% so basically a down month. This outcome would coincide with a double correction.
Let's get back on track to the chart which is the only method that can actually determine future price movement. Looking for this to reach 69k shortly (4hr chart)...then we have to see what happens. It looks like its running out of steam as the RSI is showing weakness.
Do you guys fing read? I posted it here on OCT10 when I knew things were going to move. So once again I have nailed it...price AND timing. I think you guys are starting to take me for granted...this level of accuracy has never been seen on ET for sure. You have a bunch of lap dogs now who just thumbs up anything you say apparently no matter how foolish. Why are you are so butt hurt at even the possibility of another correction lol. You are starting to sound more like a cheerleader than a trader...
Wxy's posts are so lacking in detail and unreadable and done purposefully so he can claim a bet both ways. You'll notice wxy always crowing about his success.