TradingClear
Short

WTI - 4hr and 60min timeframe Short Opportunity

OANDA:WTICOUSD   West Texas Oil
It seems that, after consolidating in an "abc" formation in the shape of an expanding flat, crude oil ( TVC:USOIL ) is breaking a minor trend and going for the downside. Expected target of this small however interesting movement and trading opportunity is in the 58.5 - 58 area.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.

Thank you for viewing.
Comment: Different corrective patter, still a sell:

Comment: errata corrige: "different corrective pattern"
Comment: Sell setup never happened, and price broke small downtrend. Revised our analysis. On the 4hr timeframe, we are now looking at the price to break previous top and then come down to complete a running flat type pattern for more upside:

are you still looking for a strong downside move on eurcad and gbpcad as in your previous posts ? ... if at the same time you are bearish on oil !?
Reply
TradingClear lapin_eliott
@lapin_eliott, thank you for your comment. In fact, all CAD pairs are short for us, and we are not "bearish on oil", as oil is just in a sideways correction really. In any case, we revised our analysis as per above. We still believe that in the 4hr timeframe very short term WTI has one more small leg to the downside to complete what we are now seeing as a running flat type pattern, before resuming the daily uptrend, as per the above chart.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out