Price is about to bounce (or breack). that's why we must go to the lower TF and wait for more confirmation.
H4 TF : Show wedge pattern. The plan is to trade the pullback after a strong breckout
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Traders! if you like my ideas...
Hi everyone,
Just a quick post to share my small position my expectation that there is still more downside short-term.
Medium term I expect prices to drop steeply (similar to late last year) as oversupply and slowing growth / demand seem to be overarching themes. I expect something around the sub-$35 mark. Quite key to this is the seeming inability of OPEC cuts...
This study is based on the logarithmic 1M scale since 1990 and investigates a pattern that appears to be repeating itself. The time periods (cycles) are 1990 - 2008 and 2008 - today.
1 through 6 are the minor market phases within this pattern and basically represent the Bear Cycle with the accumulation and recovery phase. The sequence at the end of 6 and the...
Hello World!
Great chart has the US OIL FUND, it could be the confirmation of the bull market, all commodities are entry on this side of the force.
Hope to last a long way through the 2019
A complicated position, the price of WTI is well supported at this level, however it is in free fall and the most solid support is not until the area of 45.
Is it possible that the price of oil falls further?
And if so, in how much time and after how many bounces?
Questions difficult to answer, despite this it seems that the best position is short or sitting on...
Thanks for viewing. My feeling is that this trade is coming to an end (currently 60% up in this trade - yep I can't change from the x100 leverage on my platform, which is a bit much IMO). I can plausibly count 5 waves down. Wave 5 is the shortest so I have prepared 2 scenarios for the short-term.
1. The move has completed, in which can I will hit my stop for...
The trading idea is based on a bearish divergence which is still relevant. The price diverged with RSI and it gave us a trend reversal signal. After that we can see the market moving in a narrow range. We can try to catch a possible correction movement and make some profit. It's a high risk trade, because DMI confirms strong upward movement, but small stop size...
I believe last bullish impulse on USOIL is about to start next week. My target would be around previous highs from 2015: as minumin it has to close the gap near 56.58
Will start adding longs at 41 with a SL at 39
A bullish gartley-type formation has been posted on USOIL (although ideally the CD move would have been greater for an exact Gartley). However, this pattern has been accompanied by daily candlestick reversals (Bullish hammer, inverted hammer and Bullish outside bar). This ties in nicely with a MACD reversal expectation and the Commitment of Traders report showing...
It is clear that the U.S. dollar has been one of the biggest hedge fund crowded trades, and still remains despite recent pullbacks in the greenback.
And, although, the DXY saw a violent decent following last week's dovish FOMC-minutes report, there is still an underlying dynamic that supports a much higher dollar.
History may not repeat, but it often rhymes....
CRUDE is expected to rise.
It is a pure risk call.
We are expecting a gap up opening and may be the target be cleared in a day or two.
Our BUY call shall be from 32.18 with a SL @: 31.73 Tgt01: 33.70 Tgt02: 34.19 Tgt03: 35.72. Chances are bright that crude may even touch 36.57.We are expecting this to happen shortly. Caution: The above is our personal...
You only have the past data plus what is going on now, that is the present to predict the future price action.
So what you need exactly to be a successful trader??
- Well, you need the odds to stack up to pick the right direction of each trade.
- System, method, strategy that generates big winners vs losers.
- Be emotionless by having precise entry / exit...
