Get started
MoneyFlowTrader

Thoughts? Waiting for possible C to re-load

CFDs on WTI Crude Oil (TVC:USOIL)  
MoneyFlowTrader Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis
7
0
trendanalysis
giving considerations for a long inverse head and shoulders set up. I would like to long $47.21, but I can see oil breaking the channel.
Comment:
Comment:
snapshot
*1hr view* AD showing bearish head and shoulders pattern. 3/15 bearish cross confirmed. Don't want to see either of the 3 or 15 ema cross over the 50 ema, puts pressure on $48.63 level my current target based off 1hr chart
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Still waiting on Handle to be completed on the Daily
snapshot
Comment:
that channel is being tested
snapshot
Comment:
W
snapshot
Comment:
we'll know soon enough
snapshot
Comment:
this gives a 10/1 risk reward ratio w/ a stop at the left shoulder low. Notice the target the 161.80% fib level $55.75, this is all considering $47.00 is not the bottom and that oil retraces to the .382% fib level
snapshot
Comment:
going long here for scalp to at least $49
snapshot
Trade closed: target reached:
snapshot
closed short
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.