Some of my forecasts
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Re: Crude Oil
The hourly and 4-hour are clearly bearish, as the candles have broken under the cloud, and the tenken and kijun are in perfect agreement.
You rightly observed the current condition on the weekly and daily. This implies the candles touch support on the top of the clouds, then the hourly and 4-hour are either in for corrections, or the supports on the weekly and daily charts could be the launch pad for the next strong move north, and then there would be trend reversals on the hourly and 4-hour.
The top of the daily cloud at 97.40 marks what I often refer to as a decision point. It will decide the future fate of the market whether it continues from that point towards the 108 level, or it finally breaks through the cloud, and the process continues lower.
The cloud was fresh, but it has been getting beat up of late. That means one of 2 things: Either it finally gives out, or it is saying the market has lost its downward momentum. Doubts will be removed as the cloud has risen where the candles have been having their fun and games, which means now the candles are going to have to make up their mind.
Considering there is now room for the weekly to continue to dip down and still stay above the cloud, and the hourly and 4-hour are still dominant traveling south, it's favored the candle will break through the daily cloud, then head to the bottom, which would be 93.78 by the time it gets there. That figures to be strong S, as the hourly and 4-hour might break the rules of equilibrium to the south, but the weekly will still be above the cloud, as the process looks corrective only on the weekly, because it just barely squeezed out of the cloud.
The hourly and 4-hour are clearly bearish, as the candles have broken under the cloud, and the tenken and kijun are in perfect agreement.
You rightly observed the current condition on the weekly and daily. This implies the candles touch support on the top of the clouds, then the hourly and 4-hour are either in for corrections, or the supports on the weekly and daily charts could be the launch pad for the next strong move north, and then there would be trend reversals on the hourly and 4-hour.
The top of the daily cloud at 97.40 marks what I often refer to as a decision point. It will decide the future fate of the market whether it continues from that point towards the 108 level, or it finally breaks through the cloud, and the process continues lower.
The cloud was fresh, but it has been getting beat up of late. That means one of 2 things: Either it finally gives out, or it is saying the market has lost its downward momentum. Doubts will be removed as the cloud has risen where the candles have been having their fun and games, which means now the candles are going to have to make up their mind.
Considering there is now room for the weekly to continue to dip down and still stay above the cloud, and the hourly and 4-hour are still dominant traveling south, it's favored the candle will break through the daily cloud, then head to the bottom, which would be 93.78 by the time it gets there. That figures to be strong S, as the hourly and 4-hour might break the rules of equilibrium to the south, but the weekly will still be above the cloud, as the process looks corrective only on the weekly, because it just barely squeezed out of the cloud.
Re: Crude Oil
I I posted something 2 btw LOL
Very good observation 
but On the daily Tenken crossed the kinjun on the top of the cloud assuming the cross happened sideways the momentum is range consolidated from that level ! the momentum is east. we can go sideways for a few days and then go all the way down! future Cloud is thin so it is now easier to get rid off to the downside. we need to settle below 97.42 to confirm this ! for any up resumption or reversal we need a break of the trend line ! if you are waiting for the h4 t/k cross to go short you missed a lot of points and therefore there is no view that the price will continue to go down until the 97.42 is broken what if there is a t/k crossover and price reversed ? you could see the Support in that area !
but On the daily Tenken crossed the kinjun on the top of the cloud assuming the cross happened sideways the momentum is range consolidated from that level ! the momentum is east. we can go sideways for a few days and then go all the way down! future Cloud is thin so it is now easier to get rid off to the downside. we need to settle below 97.42 to confirm this ! for any up resumption or reversal we need a break of the trend line ! if you are waiting for the h4 t/k cross to go short you missed a lot of points and therefore there is no view that the price will continue to go down until the 97.42 is broken what if there is a t/k crossover and price reversed ? you could see the Support in that area !
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