Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Explosive Triangle Move
I’ve been mentioning the triangle pattern that crude’s been bouncing within for quite a few weeks. It finally peeked outside the triangle four days ago (tinted below) but fell back. That was the “tipping of the hand”, though. It clearly pushed above the pattern yesterday, and today it is picking up steam, racing ahead nearly 5% as of this writing.
The Daily Toggle
Want to see a trendless market? Who wouldn’t? Look no further than crude oil. Up. Down. Up. Down. Black. White. Black. White. Almost without exception. And almost unreal:
Higher Prices in Store for Crude Oil?
The last three day’s candle pattern on WTIC Crude Oil could very end up being a “Three White Soldiers” pattern, which is, technically, bullish [Definition (courtesy of StockCharts.com): “Three White Soldiers: A bullish reversal pattern consisting of three consecutive white bodies, each with a higher close. Each should open within the previous body and the close should be near the high of the day.”]
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“Three White Soldiers” candle pattern |
