GARTLEY PATTERN PAIR: UKOIL TIME-FRAME: 1HR TRADE: GARTLEY PATTERN Due to our growing community with our Trading Education, I have to switch my color scheme to a nice clean white chart for everybody to see more easily. Thank you from my heart for your support. NOTE: These are potential trade opportunities. Please re-analyse the trade...
Wave structures on chart for you to trade happily! Cheers! ______________________ WANT TO TRADE THIS ANALYSIS? Contact me for trade signals: insidemarketfx@gmail.com / Skype: @insidemarket168
This has been on a relentless selloff for nearly 2 years, oversupply is currently in place, but if that changes with OPEC etc then demand may return (albeit temporarily), to start up a mini bull market for oil but we doubt it will go much higher that $45.00 in the near future and in fact maybe lower lows.
Simple! It's just because that all the money speculator's is in the market now! The fire is in the house but they need some time to get out and find some fish to buy their positions at this price :) While this time, they will manipulate the price to push it higher as possible to sell their positions and take profit. After that, we will see the good sense take the...
This week range trading almost the same range trading in 2015/12/7 to 2015/12/11 Upper Limited : 2015/12/08 : 41.37 VS 2016/03/08 41.46 Lower Limited : 2015/12/09 : 39.59 VS 2016/03/08 39.39 Will price lifting the pressure line (blue line: Blue Line 2015/05/06 High 69.61 connect and extend with 2015/06/10 High 66.35) ? ==> My Personal View is :YES it shall...
Brent is into ascending triangle and loss momentum maybe a correction will appen soon. Next target could be 38.8
A nice U Turn correction. Brent Crude oil is about to Challenge the previous high. 1. Daily chart seems to be wave 3 now. (M....if this is valid then wave 5 might be target at 50.) 2. Correction back test 66 hours EMA average forming a very good looking U turn format. 3. Price moving up with a healthy Transaction Volume increased. 4. The correction might be...
Well not certain that we reach it but according to D-levels this is the best possible short scenario in this market. The Confluence area is very strong and the XOP is a excellent place to hide a Stop behind as it almost never gets broken on first touch and you could easy exit at Break even should we touch XOP and move back to 43.5 Further we would touch the old...
Two great-setups for the dead cat bounce and for longer term (Maybe 3 year contracts?) Fundamentally I am looking for some anti-fraking news to be coming out within the year, thus reducing supply. Reasons Heavily Oversold Great Risk/Reward Recovering from 5' Wolfe Wave Technical Correct Position Size is crucial for large % swings. Good Luck.
Hit Short term Target. Daily Chart is bullish. Weekly chart is bullish, too. A small correction might be healthy.
Wave structures on chart for you to trade happily! Cheers!
A Small Smile curve has been developed. Next to develop a bigger Smile Curve. Behind the News . Leading Indicator Gold has smile. . Commodity Price Index Smile, too. . S&P500 & Dow Jones Industrial index smile, too. . The news does not disclose what mutual understanding between Iran, Saudi, and Russia, we never know, but after their meeting price going up is a fact.
Last Week WTI reaches $26 which happens to be an important level. AND RSI has a Bullish divergence which all indicate the Correction phase is reaching an end.
Crude Oil (Brent) - a campaign on 44 is quite possible
You got to love Mr. OIL - It's moves are not that enigmatic come to think of it - play safe haven if you will. Up to 35.21 and then south