UKOIL has made a liquidity in form of equal highs marked on the chart above. A strong up is needed to see the red box before another down...!
On the H4, with price moving below the ichimoku cloud and the current bearish momentum, we have a bearish bias that price will drop from our entry at 116.24 where the horizontal pullback resistance and 50% Fibonacci retracement is to our take profit in line with the horizontal swing low support and 78.6% Fibonacci retracement. Alternatively, price may head for...
On the H4, with price moving below the ichimoku cloud and the current bearish momentum, we have a bearish bias that price will rise from our entry where the horizontal pullback resistance and 78.6% fibonacci retracement is to our take profit area in line with the next horizontal swing low support. Alternatively, price may break support and head for our stop loss...
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 121.15 where the horizontal pullback support is to our 1st resistance at 125.53 in line with the 78.6% fibonacci projection and 161.8% Fibonacci extension. Alternatively, price may break structure and head for 2nd support at 117.76. Any...
With price moving in an ascending channel and above the ichimoku cloud, we have a bullish bias that price will rise to our take profit are where the 127.2% Fibonacci extension and 78.6% Fibonacci projection is from our entry. A further confirmation is to wait for price to break the 61.8% Fibonacci projection and horizontal swing high resistance for the buy entry....
With price moving within our ascending channel and above the ichimoku cloud which is indicating bullish pressure, we are bias that price will rise to our take profit where the 61.8% Fibonacci projection and horizontal swing high resistance is from our entry of 121.58 in line with the 78.6% Fibonacci retracement area. Alternatively, price may head to our stop loss...
With price expected to bounce off our entry which lines up with the 38.2% Fibonacci retracement and ichimoku cloud support, we have a bullish bias that price will rise to our take profit area of 123.6 in line with the 61.8% Fibonacci retracement. Alternatively, price may break structure and drop to the stop loss at 112.71 in line with the horizontal swing low...
On the H4, with price moving above the ichimoku cloud, we can expect bullish continuation from our entry at 96.14 in line with 38.2% Fibonacci retracement towards our take ptofit at 100.79 which is a strong resistance and in line with 161.8% Fibonacci extension. Alternatively, price may break entry structure and head for our stop loss, which coincides with the...
hello dear traders its been along time, as we see BTC had made a very massive bullish trade last months, but after hat directly BITC LOSES about 20% of its value, but why ? we all know why, but what its more important is net step of BTC :) AS we see we will have one of those scenario A or B , but both of them they have same end which is to reach +46000e, as...
BREAK RETEST CONTINUATION 61.8% FIB
Hello friends! If you agree with this idea, please give me a like and a follow so that I can continue posting quality content! The Brent Oil price per barrel has bounced off the support line at $71.20. This has been a particularly strong line of influence this year - with the price touching it 4 times. The red line is my Stop Loss. Good luck! Use risk...
UKOIL bounced off its support at 70.86 (100% Fibonacciu extenion, 61.8%, 50% & 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 75.50 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistnace). Stochastic (55, 5, 3) bounced off its support at 5.15% where a corresponding rise...
UKOIL is approaching its support at 75.01 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal overlap support) where it could potentially rise to its resistance at 78.14 (100% Fibonacci extension , horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
UKOIL could potentially be trading in a rising wedge where if it breaks past its first support at 73.25 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support), it could trigger a move downwards to its next support at 70.95 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (21, 5, 3) is...
ukoil - long - 1. pin bar 2. key 51.00 level 3. bullish engulfing 4. Decelleration 5. upward sloping trend-line retest
ON previous two occasions, dips below weekly 50-MA proved to be short lived/bear traps. We need to see if the pattern is followed for the third time as well…