Technical Overview after the nice H&S-BO!

9 sept. 2016

Yesterday was a nice bullish day. Now it`s time to breathe a bit slower :-9
The oil Chart is turning more and more green....the present shortterm uptrend is dominant and nice to watch the forming of the 1-2-3`s .
Here i just illustrate a technical overview with allfor me important levels to watch.

Feel free to comment my view!

Former view:
Textbook Inverse H&S

9 sept. 2016

Note

reached important action point!

9 sept. 2016

Note

if we can`t recapture the niveau above 46.5 the support turns into a heavy resistance

12 sept. 2016

Note

ok, the trendbrake and break of the last "3?" was THE Signal to short... the Chart is turning more and more red.... but watch the rsi - he is very oversold! everytime a countermove could be initiated

12 sept. 2016

Note

And here is the from the rsi early signed countermove...former downtrend in combo with the shortterm uptrend have been a loadable supportzone!

12 sept. 2016

Note

technical overview

13 sept. 2016

Note

we dipped to the 38,2 watch 46,5!