BCOUSD, Continuous downtrend on H4. H4: - Structure: Downtrend - Tendency: Downward - Test resistance daily and move down => Sell
BCOUSD, Sell on H4. H4: - Structure: Downtrend - Tendency: Downward - SHS forming on H4?! - Test support and neckline -> Waiting breakout and confirmation => Sell
Possible mini-bounce here. Aim for 38.2% and 61.8% of BAT
Hi there. Price is moving impulsively to the downside. Wait for the price to complete the continuation pattern that its forming and watch strong price action for sell.
Hello Traders, BCO/USD Brent Crude Oil 67.450 / 66.363 VS 63.308 / 62.946 Short Term Sell Setup. Expecting to break the previous Lower High one more time 65.3717 Looking for the TrendLine / 64.450 Break to start the downside movement towards 63.308 / 62.946 VS 61.446 / 60.564.
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Hey guys, like I predicted (see the link below) oil made a nice drop, now, wait for small consolidation to enter the trades for more down!
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
H4: - Double bottom forming - Break resistance and confirmation => BUY
Brent crude has fallen almost $15 since its 2019 peak of $75, forming a double bottom pattern which aligns with the 61.8% Fib level of the Dec 24 - Apr 25 move. Crude inventories came in higher than expected for the last six Wednesdays, which played an important role in the $15 fall. However, a possible escalation of tensions in the Middle East after two tankers...
BCOUSD, Pullback: BUY H1: - Test support daily and move up - Breakout minor trendline and above -> UP
S&P500 (SPX) The breakdown of the rising wedge which was posted a few weeks ago, looks to be confirming to the downside for further momentum which displays a clear risk-off sentiment still in play (if not even close to being priced in). What's risk off? "Investors tend to change asset classes depending on the perceived risk in the markets. For instance, stocks...
Brent Crude is forming a right shoulder formation on a bigger timeframe, this is where price could fall and meet lower support. We've got to keep in mind that President Trump is looking for cheaper oil prices, and the last time he called for price to go lower; oil sold off to $45/barrel.