Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Look to me like we going to see 85 first
the reason for that is i see pressure to the upside every time oil is retracing down you see buyers coming in ..
that what i think will happen
ben
Keep on sowing your seed, for you never know which will grow -- perhaps it all will.
-- Albert Einstein
Can you help answer these questions from other members on NexusFi?
Sorry for the delay in posting the update to the puzzle. I though more would participate. I've attached the chart with the results. My question, and I'm asking because I'm not sure, but is the down part with the large wick above actually a bar of strength? My theory is that it is.
As much as I like to second guess myself, I'm going to have agree with Ben and say 85 first. I will say that the potential for a pullback first before 85 is there, but not as deep as 75, is my opinion.
"Do we hit 85 or 75 first from here? Simple question, what is your answer?
Closing price is 81.49 so I've even given you a skewed risk/reward"
Good one, tricky. Without overly studying it, my first reaction is to say 75. Why? Simply looking at the slope/momentum of the four legs you've drawn the blue lines through. Second leg up is at less momo than the first leg up. And second leg down is more acute, sharper momo down, than the first leg down. Too, this last leg up just looks more corrective to me compared to the last leg down which looks more impulsive. Am not savvy about the meaning of the ratios 1.128, .886.