Hey everyone! On the chart above we can clearly see the Right Shoulder of our Head and Shoulders forming right now! This means we have a great chance to sell now with a TP@37.04 where our Neckline is. Once this level is broken we can expect a much bigger drop of at least 4 USD. Take profits are on the chart. You can follow me on telegram for news and...
put your sellimit and buylimit ,but up + trend expected AC indicator (accelerator) in 240 min is very very important on oil and gold
The same pattern is visible in $DXY and all major pairs, as well as in $SPY. The recent bullish trends we had are peaking, and already show a reaction right after FOMC. I would assume oil will go back down, retracing at least half of the surge from $0... Entering shorts near resistance here might pay off, or at the very least, being aware of this trend to trade...
Strategy works on all instruments. Lovely buy on oil, running over +200 pips. Lets see where this goes, could be a big one but we will now wait for TP2 - to make risk free and/or close on opposite signal. Regards Darren
Crude Oil reversed from its highs of last week near $40.7, almost closing the gap. The chart rallied up to its 50% retracement level ($40.7) of the recent major decline and is now pointing downward. Possible next retracement levels are: 78.6% ($35.39), 61.8% ($31.14), and 50% level at $28.7. MACD is forming a top; RSI is pointing downward. Fundamentals are...
Main items we can see on the chart a) The price has moved in a huge impulse movement b) Since that we didn't have any significant correction of the whole impulse c) Based on the Numerous zones the price has been braking, now we are looking for a consolidation d) The consolidation should correct the whole impulse since the Bottom in April e) An...