Watch for major movement but it will require some patience so we will be watching i am not a teacher so never mind me not explaining to you what is really happening because Traders have a tendency of blaming analysts when they take wrong Trades
The pattern will be fulfilled now we watch and if you want you can place Trades...The reason why I dont explain is because I am not here to teach but show those that are serious what is going on in the markets
Still waiting to see if it will respect my diagonal resistance and if it does I will sell or if it respects the horizontal resistance will sell but wait for an engulfing pattern first
we riding the wave on a Monthly so everything will work out good so if you bought oil do not sell it hold for the long term until it breaksout
keep watch and buy at the bottom of the structure but i am not confident on this one but something will happen
I am seeing it respecting the structure and on 2 hours it has a another structure which will help push it to the upside so on2 hours you can sell if you understand what you are doing will post the 2hour analysis but i do not trust it 100% so ur stop loss should be less no more than 25 pips...Overall direction is Up comment if you something different
most people like telling people where the graph will go but all we need to be doing is just show each other our analysis and leave the trading decision to each indivisuals e.g. A new trader comes to trading view and sees a post written short with astop loss and all and decides to take the trade not being fully aware of the risk and they end up losing so now they...
This formed a flat top pattern and also a broken range do not put your focus on the up breakout as RSI is overbought and it wont support the uptrend breakout
guys look for a breakout on top or bottom but you need a confirmation of a close below or above support and you will be good to go comment if you see something different from what I see
If it breaks out to the upside make sure you wait for confirmation because its daily you will more than 30 pips before the retest but retest is not guaranteed
it is about to breakout to the up side but wait for a candle close above resistance