LOOKING TO GO SHORT ON THE PULLBACK AT 65.95 WITH A SMALL STOP AT 66.43 AND I WILL LOOK FOR A RETEST OF THIS LEVEL 64.94 IN CASE THIS GOES DOWN AND BREAK THE 64.19 I WILL LOOK TO GO SHORT ON INTRADAY BASES ALL THE WAY DOWN TO 63.75. OF COURSE WE NEED CANDLESTICK FORMATIONS AT THIS LEVELS THAT CONFIRM OUR STRATEGY
This week, oil failed to overcome resistance at a price of 66.55 (January). The EMA 50 was pierced, followed by a rebound from the EMA 200. The nearest resistance is 65.51, in case of not overcoming this level, the pattern is possible: a double top with a signal for a short position. Nearest support 64.66. In the near future, more likely to retest the...
The price returned back to the higher balance level (65.2) and rebounded off it. We can sell at point of "Sell" - 64.8 with stop at 65.85. But if the price will consolidate near the higher balance level (65.2) we need to close position
trade # 22 cl direction l Mar 14 18 entry price 60.2 comments will just keep the options from prior trade
Just in case you are wonder how far Crude can fall: Expect the L-MLH with a high probability! P!
trade # 21 cl direction l Mar 12 18 entry price 61.06 Debit trade # 16 cl may 65 call direction l Mar 12 18 entry price 0.41 (edited) credit trade # 9 cl may 57 put direction l Mar 12 18 entry price 0.46 (edited) this trade triggered a few day back but was waiting for a good drop to get long...
Personally, I'm leaning towards a trend breakdown because of the RSI has lost it's trend and broken below it. On the other hand, That symmetrical triangle is pretty attractive alternative option to watch.
Below a triangle trendline there is a risk that all longs will be shook out...
Crude arrived at the resistance level, where price broke down 2018-02-07. We know that if price is missing the L-MLH, we have a Hagopian cooking according to the ForkTrading BLUEPRINT rules. If this is the case, then a move below the yellow circled low point is very possible, ending this Pendulum up-swing on a higher timescale basis. P! Don't miss your Free...
Cl came to a strong level of H1 and is flatting now. If the price breakdown balance and will return back to the lower balance level we'll sell it
preferably is to wait False Break of level 63.03 long - 63.03 stop - under false break target - 66
Action/Reaction lines seem to catch the frequency of crude. Also, price stoped dead at the WL1. How ever - it's probably too early to think of a trade. Observation hat on... P! If you like these Forks, why not dive into it with my free ForkTrading BLUEPRINT. See Footer...
As we see, price reached the Centerline, which is Rule Nr. 1 on ForkTrading: "Price reach the Centerline over 80% of time". OK, but what now? Energies move from balance to extremes. This means, that price will either drop to the L-MLH, or trade through the Centerline and towards the U-MLH. Since we don't know what will go on from here, how about to take both...
It doesnt get much easier than these! USD or DX is our price driver but the pattern remains none the less. Price target is $62 for profit taking, then hunting for dbl bottoms or unusual fundamental shifting in crude to spot the support reversal above $62 If anyone new to futures is playing test or real funds also look into trading 1 mini crude contract. Its much...
Evening traders. Crude oil appears to present the best pattern for swing trades on this 4 hour chart. Like EUR/USD and DXY, they are at the end of 5 wave impulse pattern. Next step is to complete a three wave correction which should take us between wave 3 and wave 4. That being said I'd really like to see price push back up to the strategic entry labeled on the...
This trade location is approaching again and it again could be a great trade. However i am liking the opposite trade more now due to the rising prices in oil. So the short could be a nice fast scalp but the trade I will focus on, as long as oil is seeking higher values, is a long of the bottom of this upper range.
Here you see 4 different timeframes: Quarterly (Upper Right) - price reached a natural resistance level, where a break is expected Monthly (UL) - the quarterly natural resistance level, mirrored on the monthly has confluence with the Centerline. Price reached the Centerline a couple times now. If we can't crack the Centerline, then price will fall back, at least...
So far we have nice formation of the AB/CD Bearish pattern. See chart for next price point before hunting Short entry above $60.