A bullish gartley & bullish bat confirms the long entry in a correction sequence for a while, it may reverse from the 0.618 level.
Sellers started entering, the price will drop ------------------------- entry stratgy ------------------------------ usoil update short
#USOIL ----------------------- PRICE ACTION ---------------- SUPPLY AND DEMAN --------------- CHoCH ---------------- LIQUIDITY GRAB ------------ short smartmonry concept
Here is my view for WTIUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USOIL forming a descending triangle in an uptrend on the daily chart wich is a strong reversal signal, with the target being a major support area. Taking the sell after a retest is recommended to lower risk.
Here I expect bullish price action from bullish orderblock + institutional figure 101.00, the price could go for buy side liquidity + previous weekly high liquidity. I am looking only for longs on USOIL.
USOIL - MARKET OVERVIEW At the start of the week USOIL came look bearish but made a great recovery and pushed to the upside before a classic weekly closing sell off. It's important to focus on the higher time frames right now as we can see USOIL made a new higher low but failed to make a new higher high and was met by a strong resistance area and even had a fake...
We can see nice triangle here, so we are just waiting for breaking an triangle. There´s also massive trend line, it´s so massive that even one of the biggest fluctuations in the market of oil wont break the line, so we got a nice support from there. + situation in the world will make oil more expensive, it´s just ques ti on of time to reach 130$ per barell again.
care alote about these two point places for rejection long to 109 short to 96
USOil looks to be continuing up after test of the median line on the monthly pitchfork. weekly view looks like several more weeks of consolidation to build base for next run up. consolidation on the 100 tick renko Once consolidation complete May/June, could see a run up to test the 2008 highs.
Oil is retesting the downtrend line. 1.Demand at 102$ level. 2.Wait for confirmation candle break the imb level or LTF uptrend My Expection is 107 >115>125 Otherwise We can see 84$. Thanks you this is For Week 18. Trade at your own risk.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Market is Completely Unpredictable Because of The War, So Trade With Caution Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Chart to illustrate the oil prices as a leading indicator of month over month inflation rates. Inflation statistics mirror oil price action with a lag of about 1-2 months. "Federal Reserve Chair Jerome Powell said in his semiannual testimony before the U.S. Senate Banking Committee in March 2022 that, as a rule of thumb, every $10 per barrel increase in the...
OIL has formed bullish structure in the midst if what appears as a bearish continuation. I expect the market to move higher from the marked up area of support then reject the trendline, moving lower. For now, we should focus on the most likely movement, the bullish one which is expected. TVC:USOIL
It is near impossible to following all the developments in the geopolitics and try to forecast the price of Oil but what does technical analysis suggest? Elliott Waves break down: The sharp fall in March is clearly a motive wave which is likely based on a double zig-zag The correction that has been forming since then is clearly a triangle but this type is...