Hamonic Bat Pattern Bearish orange color Hamonic Alt bat Pattern Bearish orange color Motive wave Small Elliott wave 5 Big Elliott wave 3~5 --> Big Elliott wave 1 hamonic pattern Gartley --> Small Elliott wave 1 & Big Elliott wave 2 Hamonic pattern Gartley => Da Corrective wave small Elliott wave 5 -> Expanded flat & Hamonic pattern crab...
HAMONIC Cypher PATTERN Bearish Motive wave Small Elliott wave 5 Corrective wave Expanded flat 1.272% 161.8% 1. expanded flat => running flat => ending Diagonal 2. expanded flat => running flat => Head and Shoulders 3. expanded flat => Head and Shoulders USOIL CL1! CL2! CLK2017 WTIUSD
Bounce-a-thon You can wait for the 50.13 resistance to break to go long or go long now and have a stop at 47.52. However, there seems to be a better risk/reward if you go long after 50.13. Be patient with this kind of setup since it's a daily chart. Also, I'm new so please trade accordingly.
200dma = red 100dma = yellow 50dma = green 20ema = turquoise 9ema = dark blue timeframe = 4hrs significant price action at moving averages long term support 42.46 long term resistance 48.21 42 range next coming week(s) Happy trading!
Continuing the theme of oil, add one more technical analysis. Other indicators for oil 5 from 5 show us a trend reversal, one and the last signal indicates as technical analysis confirmed this, as can be seen from the chart, the price of oil is in reversal zone that shows us Bears open short positions, and Bulls close long positions, the movement of prices on the...
After reaching 50, as expected some sideways action. sold the 52c around 1.05 around 2 weeks ago. I am neutral, because this looks like a correction of the prevailing uptrend as indicated in the dark red trendchannel. Downside support are the blue trend line at around 48.20 and the 20 day MA or middle BBand. Further on the downside we are looking at the...
We are currently inside of the monthly suplpy zone. Because of that, buying opportunities may be risky aroudf here. One can take a confirmed buying opportunity inside of a daily demand zone (48.49-47.25) but only for a short-term purpose. I want to be willing seller if daily chart gives us a selling opportunities. Otherwise, i will be thinking again buying...
Oil futures seem to be getting close to major resistance stretching all the way back to the late 90s. It also seems to be getting close to the 100 week moving average . Not to mention an overbought signal from Stochastic and close to an overbought signal from rsi.
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Crude Oil price if went past 47.53, might signal for bearish move. Let's wait and see.
H4: H4 direction is up and we have an H4 demand level formed just below us H1: there is an H1 original demand zone inside of an H4 zone and it would be a good buying opportunity TP1: 1:1 R:R TP2: will be trailing till possible H4 supply zone above twitter.com
Short term, we are short for Crude Oil while it is correcting. Long term, we go long. For targets, visit our website: eeetradinganalysis.wix.com
I do not know who brings down the price of oil and why, but at Christmas will go well on vacation after so much effort !!