Optimum369

20 Reason for sell OIL

Short
TVC:USOIL   CFDs on WTI Crude Oil
Update 01/08/2022

1 Structure 3: Side ways Bear
2 imbalances : upper side filled Lower side target marked
3 Current Move1/2 : impulse
4 Entry TF : D1
4.1 ETF Structure: bear
4.2 move : impulse
5 Support Resistance: up side imbalance filled
6 FIB: trigger completed
7 candle Pattern: Momentum engulfing
8 Chart Pattern: M
9 Volume :
10 Momentum: just bear (RSi) using for Momentum Unconventional using
11 Volatility : compression near lower band (use Bollinger bands for volatility )
12 strength: bull initial (ADX for trend strength
13 Sentiment : extremely bear Currency power index
14 Final Summary: hold entry and add one at close outside the band
15Buy /Sell/Wait : sell
16 Entry:90
17 Sl: 93
18 Tp: 70
19 Risk to reward Ratio: 1:7
20 Excepted Duration : 30

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.