Oil has broken one of the diagonal support lines, while keeping the diagonal resistance intact. Coupled with the strong horizontal structure just above the current price, and the consequent likely pullback from it, our target trade is a short. As I said, the first diagonal support is already broken, thus: TRADING PLAN: 1-Wait for the second diagonal support...
hey guys, confirmed bearish breakout of a rising channel on WTI. the price has formed a perfect descending triangle first, and after a couple of hours, it managed to break both the support of the triangle and support of the channel. now we can expect a further bearish continuation. most likely the price will retest the broken channel giving us the safest...
Hello traders. Before I start counting the waves on the intraday chart, I will traditionally describe my global view of oil. I think that the first wave of the third wave is now unfolding, which will update the historical maximum of 147.27$ in a few years. The key level for this idea is $65.62.
You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my...
The chart speaks volumes here, holding positions is key to pick up nice big trends like this. Great reversal, profit banked on the buy and the sell running risk free to target. Regards Darren
💰 LET'S GET INTO SOME OIL ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - 3day Chart - Doji Compression - 3/3 EMA DOTS Red Potential double top as oil takes a 5% hit today. Take entry based off indicators and add the breakout on the range drawn for extra confirmation on...
Second Wave of coronavirus is starting to ramp up. We have seen this story before. Although we are better prepared. Nothing is near full swing and wont be for awhile. Looking for a double bottom long term. But i'll be looking for support zone 2 3 4 sooner than later. Bullish feedback is welcome. Long live the oil lol. $TSLA!!! Leave your likes and comments thanks.
My long was good, but we are at a level to take profit.. WE could head further up, but I feel with the new moon around the corner and rsi looking divergent.. we might head down to re test the lower zone once again..
Stop is 40 and tp towards 32 and below!!!
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Strategy works on all instruments. Lovely buy on oil, running over +200 pips. Lets see where this goes, could be a big one but we will now wait for TP2 - to make risk free and/or close on opposite signal. Regards Darren
As we've seen in our previous post, we succeeded to expect what will happen and we successfully had reached our target of 35$ . What we see now is a deep correction for WTI, we have broken 37$, 36$, 35$, and it went to attack 34.4$ without mercy. We are in a bearish channel, but as you see, there's a double-top there (which can be triple-top) that can be...
this recent sell is just pullback and touched channel . buy
Oil moving into consolidation. Looking for something like this