Market analysis resembles a game of chess. The market is making a action, and we must give an answer.
Here is my plan - in response to the latest oil market action.
Possible BRENT oil movement based on Elliott theory and Fibonacci proportions
Updating last idea
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Due the latest worldwide events and seeing that DJT transportation index seems not performing well... Bad news also coming from that cartel OPEC represents I decided to setup my position against brent.
Here are my two levels based on FIBO lines.
What are your thoughts? Do you really think that the price of the barrel will continue to plummet? Will we reach $ 20...
Technically it's possible. Very very critical weekend. If it breaks..
Reversal H&S target is 39.7
Why?
- Corona virus
- Middle east is burning ( Turkey & Russia)
- Trade wars. ( )
See you in 39.7, other targets are on chart.
DISCLAIMER:
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Instagram:...
DISCLAIMER:
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Instagram:...
DISCLAIMER:
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Instagram:...
DISCLAIMER:
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Instagram:...
DISCLAIMER:
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Instagram:...
DISCLAIMER:
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Instagram:...
UK Brent crude oil pushed past $70 per barrel on 2020, the highest levels seen since seven months, over fears of escalating geopolitical tensions in the Middle East region. Analysts have forecast that Brent crude could soar beyond $150 in case the conflict between US and Iran increases to a full-scale war.
DISCLAIMER
As a trader you should consider your own...
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Instagram:...
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Instagram:...
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You can sell WTI from 55-56
Stop-loss at 57
You will find more trading ideas in SAV Finance community.
