Crude oil is presenting a promising buying opportunity as it approaches a crucial support level at $66. This level has demonstrated significant resilience, making it an ideal point for traders looking to enter the market. Our target for this trade is set at $71.70, which aligns with key resistance levels that could be tested as the market moves upward.
In...
Pair : Crude Oil
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame
Impulse Correction
Pair : Crude Oil
Description :
Fibonacci Level - 38.20%
Resistance Level
Break of Structure and Retracement
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Pair : US OIL - Crude Oil
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Demand Zone
Fibonacci Level - 61.80%
Consolidation Phase in Short Time Frame
Break of Structure
Pair : Crude Oil
Description :
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Break of Structure
RSI - Divergence
Bearish Channel in Short Time Frame
Bullish Channel in Long Time Frame
Pair : Crude Oil
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
Break of Structure
Completed " 12345 " Impulsive Waves
Demand Zone
Pair : Crude Oil
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line
S / R Level
WTI crude oil futures fluctuated higher, trading at $84.89 per barrel, an increase of 1.09%.
Since March 27, oil prices have continued to rise and have hit a five-month high. During the European session, WTI crude oil prices continued to rise, hitting $85.42 during the session, before falling slightly during European midday trading.
To some extent, oil's rally is...
Pair : Crude Oil
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Fibonacci Level - 61.80%
S / R Level
We have a chance of Head and Shoulders pattern.
now price is approching the right shoulder area.
look for short side,when price comes to this area.
on bottom side we have a strong support at 4800 levels.
keep in long side from this support zone.
Pair : Crude Oil
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame
Completed " 123 " Impulsive Waves
Break of Structure
RSI - Divergence
Bearish Channel as an Correction Short Time Frame
Pair : Crude Oil
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure and Retracement
Fibonacci Level - 50.00% / 61.80%
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Pair : Crude Oil
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance
RSI - Divergence
Break of Structure
Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Upper Trend Line
Pair : Crude Oil
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line. Completed " 1234 " Impulsive Waves at Fibonacci Level - 38.20% or Previous Strong Resistance. Divergence in RSI
Pair : Crude Oil
Description :
Completed " 12345 " Impulsive Waves and Making its " A - wxy " Corrective Waves. Bearish Channel as an Corrective Pattern in Long Time Frame and Symmetrical Triangle as an Corrective Pattern in Short Time Frame wait for the Breakout and Retest
Crude oil rose too much before, so it needs a technical pullback, the big trend we still insist on bullish!
At present, there is a small top of the daily line signal, it has a technical retreat, will continue to rise after the retreat, the weekly line stabilization signal is very obvious, so the bulls have begun a big counterattack in the retreat is not a trend...
Pair : Crude Oil
Description :
Completed " 12345 " Impulsive Waves and Making its " ABC " Corrective Waves. Bearish Channel as an Corrective Pattern in Long Time Frame and Its Currently Rejecting from the Upper Trend Line to Complete the Retracement for Break of Structure
Entry Precaution :
Wait for Breakout and Retracement
