stockcharts.com Once again, fractals always re-occur. The green line is a Wyckoff structure from 2014 Nov. (and not 2015 April as I stated in the chart) Downscaled and resized, still, a fractal is a fractal. Hope you enjoyed this visually. Good luck trading, and as always, be safe.
BCOUSD Trading Bias: Long Technical Strategy: Harmonic Bat
Looking for crude to pullback to 61.8% - 76.4% Fib zone
The only condition to enter Buy for wing position is to wait this day candle closed
Taking another stab here at picking a bottom in oil. Midpoints are difficult to decipher in such drastic sell-offs but if you catch the bottom we'll be well rewarded with an inevitable massive short squeeze. Regardless, this is def a high-risk trade. The relentless sell-off seems to be heavily algo-driven and major energy funds liquidating (according to rumors)...
Despite this steady decline, the level for which the struggle is unfolding in a global framework is the 70th. I think the close of the year should be expected near it. Even if the price is kept near the current price, the retest 70 will be at the beginning of the next year. We will follow the developments. All my steps on my channel.
Both USOIL and UKOIL will be long in 45min time frame . Analysis using two simple indicator LongBuyLongSell and ProfitMaximizer All the type of chart shows good trend here USOIL
Greetings from Benice team! If you look at the chart, you can see an upward trend, starting in January 2016. Locally, oil continues correction towards the bottom of the channel of this trend. In general, oil is excited about nice round numbers. Let's remember 2016, when it tested levels of 45 and 50 several times a week, for no good reason, often following the...
Not an Andrews expert but price stopped exactly at the lower MLH for this Modified Schiff pitchfork. Any Andrews experts can confirm if this fork is valid? Zoomed in >
Update to this long term theory in Crude Oil > Big bearish wave since hitting 7689 which could be C wave as part of a bigger wave 4. Long term channel bottom and the median line parallel of the pitchfork shown could be a good buying area around $58/$59 for a wave up towards $80.
Lower timeframe of this idea > Looks like a big wedge (ending diagonal) is forming which could be for wave 5 of C (C shown in the link above in green) which could mean that the down trend in crude oil price is nearing an end. Ending diagonal often occurs when the preceding move of the trend has gone too far, too fast and has run out of steam (15$ drop in 4...
Update to this idea > Possible ending diagonal
Hello friends! If you agree with this idea, please give me a like and a follow. It will be greatly appreciated and will allow me to continue posting quality content. My idea for Brent Crude is a LONG position. This is based on technical analysis, however the fundamentals are a little bit unclear for the time being. The Brent price per barrel has bounced off the...
Hello friends! If you agree with this idea, please give me a like and a follow so that I can continue posting quality content! The Brent Oil price per barrel has bounced off the support line at $71.20. This has been a particularly strong line of influence this year - with the price touching it 4 times. The red line is my Stop Loss. Good luck! Use risk...
Looks like a triangle is forming which could mean a wave 4 with wave 5 to follow to complete a larger full set of 5 waves around the 6100 area, then a correction. If its not a triangle and breaks upwards it could mean the 5th wave (yellow V) is completed already at 6118.