Andrey.Ustinov

WTI CRUDE OIL (CROSSROAD - Possible scenarios)

FX:USOIL   Crude Oil (WTI)
use lower Time frames to choose your strategy
for me we need still to make double top or divergence on daily to continue downward moving
so range 44,73 - 48,7 (if break 50,5)
Also note:
- Broken triangle pattern still not worked himself ( bullish )
- Megaphone on top for now showing possible retrace from 17.09 high to bold support line which if broken, downtrend continue
Revision:
Take note that according to classic technical analysis length of move after breaking figure equal to last swing in figure diapason, so its done for triangle and retrace to bold trendline even more possible
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kate25
a year ago
Thank you Andrey for inviting me. My chart is similar to yours I will look at price action on right side then possible targets on left side of chart
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kate25
a year ago
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I squished the chart here to show demand
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Andrey.Ustinov PRO kate25
a year ago
Bullflag median on block
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Yahia.Awes kate25
a year ago
Kate monthly close will tell what price will do I expec it to rally at least to 56,6 let me show you why.
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Yahia.Awes Yahia.Awes
a year ago
Remember the weekly bullish div lurking still not played out.
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kate25
a year ago
For targets I just use the bars that broke trend - for price to continue to rise that bottom trend has to hold
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kate25
a year ago
I think our styles of charting our similar
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Andrey.Ustinov PRO kate25
a year ago
Thanks for sharing your charts and comments kate, you're welcome and i'm glad you posted
agree about charting methods (classic style - better do not invent a bycecle twice), price bounced from 45 but now still dropped a little but i think till next Thirsday we could see test of 49
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Andrey.Ustinov PRO Andrey.Ustinov
a year ago
also want to note then WTI futures have a gap at 44,76 so it can close before high sky fly
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kate25 Andrey.Ustinov
a year ago
You also identified the two demands below - I do not include the wicks whish throws my targets off slightly from yours, but they may be in play
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