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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 18, 2013 0:12
I understand.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 15, 2013 23:58
In reply to DaveO's post
I made a typo error, Wave C needs to make lower low than the 94.97 W.A low.

My data may differ slightly to your's. I use the CL#F continuous futures, broker data is often slightly different. Have a great weekend.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 15, 2013 22:03
Ok, you might be right. On daily I am taking high to low 98.24 to 94.97 = W.A. Then lower high at 98.11 = W.B. W.C down needs to make a lower low than 98.24. 100% would be at 94.83 or 127.2% at 93.93.

If its any consolation AL is calling longs but take a look at daily stochastics which have hooked down again.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 15, 2013 21:22
I dont know what count you are seeing on your 1hr CL. The daily looks quite clear
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 15, 2013 21:19
ah yes, truncated 5:5's
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 15, 2013 21:02
you might have to give me a clue, like which instrument, which timeframe and how long ago :-)
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 15, 2013 18:27
Do you see the potential ABC needing new lower low ?
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 15, 2013 18:19
I said "daily"
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 15, 2013 18:03
check daily bearish engulfing candle
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 15, 2013 18:01
the 100 WMA would favour your read. I still feel a little lower after a nor level bounce.
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