we know oil is very very very veryyyyyyyy trendy market and go against trend is very dangerous agree?
wait near 71$ low and after pinbar comes on 1h-4h-daily chart pick buy with sl in low and try hold it 2-3 week ,,,technical say oil upper target is 85 then 100 $
predict = we predict oil fair price is 50$,,,,aftter 2-3 uptrend wave it can go down wild ...
above green arrow we can buy with SL= 108.80 support ( if 108 support break , oil can see mini crash )
after oil touch green arrow , wait pinbar comes on 1hour 4hour or daily chart come or in 15min chart , price break last upper trendline , then pick low size buy , try hold it to 1630$
ALERT = oil price is over value , i belive oil fair value is 80.00 so...
dont fear put buystop on friday high is good idea with SL = last low 106.20
if bad news come,oil break 98.00 , it can go to EMA200 DAILY 88.00
good luck
buy limit near 77 with sl=74.80 last low is best order for now and pick sell(sellimit) near 82.77 with sl=0.40
note= we belive 2022 is bull market too for index like dax,dow , so only pick buy in deep with sl=last low(or day low) is best stratgy for oil
if oil break big trend 65.40 ,can go to daily EMA200
advice =buylimit on 65.45 with sl= 64.70 trailstop=0.50 and buylimit above 60$ with sl=57$ (if open dont close soon hold it 30 day to high)
green arrows most powerful places can be oil next low ,ok? so with sl=0.40 trailstop=0.40 you must buy and hold it 7-8 day to high
ALERT= oil have potential to crash to 50$ , so 100% put sl,never remove it
as predict 4 day ago,oil fly up
pick sell on above trend is risky (winrate =50%) so 100% put sl and never remove it
if trend break,oil can fly to 82$
60% oil will crash(wave 2)
40% will break upper trend and will fly up
advice = if you have sell , you must put SL i show on chart ok? or put buystop (2*total sell) after open ,dont close it,frist...
hold until fibo 61% (can take 7-8 day)
oil can go to fibo 161% too !!! technical say this
note=for sell pressure ,oil can 20-30 pip(64.80) go downer (displacment) from big trend,then fly up
dont close it soon,give time to go up
SL=80.35 trail stop = 0.80 $ tp=69.00 in 100 similar posation fill SL=40 TP=60
oil like gold is super trendy , so going reverse posation need skill and 20 day patience
oil break 3angel , if you draw fibo on last down move ,you find buyer target on fibo 161% 70.50
selllimit on fibo 161% is good idea but 100% put SL=1.00$ (oil is very trendy like gold) TP=67.10 (wait time 15day) + buylimit on 67.10 (wait time 30day)
technical say oil can see 77$
AC(accelator occilator , or stoch 5.3.3) on daily chart show green ,buyer pressure is high ,so oil in comming week can go up but we advice looking for sell on oil and hold your open posation 2-3 week until 45$
in 45$ you can buy ,we think oil will see EMA200 daily
secret= keep monitor AC(or stochastic 5.3.3) on daily and 1 hour chart
if below trend break oil can see 15$-20$ so be carefull from buy
for find target use this drawing tool =trend FIBO EXTENTION 61-100-161% (it draw on last N shape)
never open reverse pos on it alone , you need 2nd signal like EMA200 or support near it ,then you can put sellimit on it
in ninjatrader =fibo projection,,,,, in metatrader you must load it to...
