UK oil is inside a symmetry triangle now. Pay attention to which side will be broken. Based on triangle pattern target prediction, it will move the same distance with bottom triangle line which means there will be 5.8 dollar moving up or down after braking. My suggestion is open position based on the break direction with sl inside the triangle. Enjoy the trading!
We are now in the trend transition term. The bull is still strong, but bear is growing. The MACD goes bearish cross but price is still above SMA(12). I am still waiting confirmation for going bearish. Target 1: 63.8 If 63 breaks, Target 2: 60.29
Oil on this Pitchfan chart has broken support, but we'll probably have a clear idea at the end of the trading day tomorrow. Right now just the candle wick is below the support line. If this month, or next month, most of the candle body itself fell below support, that would flash a warning that, perhaps, a bigger price decline was coming. This level has been...
Bitcoin is nearing a critical juncture as can be seen on the chart. Price is currently in a descending channel (yellow and pink shaded area). Price broke through Pitchfan support around $500.00 back in September 2014. Next support is near $185.00 and rises to around $245.00 by October of this year. The Bitcoin price needs to break above the descending channel...
I can't make much of a case for either direction at the moment. But the StochRSI on the 2-Hour chart is showing that we are overbought at this point. MACD oscillators are close to the center line as well as the moving averages themselves. Bollinger Bands are showing some decreased volatility overall, but we're still looking volatile with this movement. Volume...