WTI: working on this for FX:USOIL by cozzamara

Trend Analysis Beyond Technical Analysis

Hi Guys,

not sure what to do🙄

Comments or reccomandations are welcome😀👍🙏

Be good!😉
Cozzamara

Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.

IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.

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Inside the circle maybe a bullish flag forming part of a Zig-Zag or ABC pushing against short term bearish pressure

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Crude Oil Inventories and other datas will be released shortly

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In other words we are right in beteween the bulls and the bears 😁

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The idea is to represent the bearish pressure with a descending trendline and try to determine if and when the price will go against it

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Yesterday it formed an inverted hammer🙄

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I don't know if it will rise but if it does $59 would be a first spot to place a stop. Not interesting at the moment unless I was aiming above the bearish pressure

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So far the inverted hammer has been pushed back

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In a range the options are quite a few

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It was 59.842$ when I spotted the potential for a Zig-Zag and it has lost more then $1 since

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After data release it is pushing down

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short

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stop = 0.137 cents

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if the 20SMA fails to push the trade is 90% gone

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that's a nice push

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lowering stop to breakeven

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Today's going against the inverted hammer not bullish

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still pushing

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letting it run

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20SMA crossed not good

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out

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0.143 cents profit

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I'd like to target $57.613

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Or another interesting positioning could be if and when attacks the 60$ level including the breakout to let it run

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The decline in Crude Oil Inventories was more then expected which should be bullish for Oil Demand. However the price breached the support at 59$ when data was released

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waiting

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Long

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out lost 0.164 cents but ready to enter again with same position x2

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out again lost 0.164x2

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stop 0.178 cents

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update H4

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