If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: USOIL (WTI) Time frame: 1W Last week I posted about oil continuing on its up trend. Although last week was a declining week I am still looking at it to increase in price over the long term. Why? The Bolling...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: USOIL Time frame: 1W (buy now) I have been watching oil very closely over the last 6 months and have spotted something very interesting on the weekly chart that needs to be talked about. So, one of my main...
Potential rally breakout IHS in crude. Normally don't like IHS patterns but this one looks legitimate.
Massive money making opportunity in oil, inverse H/S looking to potentially breakout... Buy anything over 50.40 w/ next resistance is at upper 50's I'm day trading/ staying short looking for 49.38 before moving in to a long position.
I decided to go back to the basics and pull in the classic Fib into the image. I see more downside in the near term, but I also see potential for more short squeezes' The market is extremely volatile. Trade with caution
This is the intra day tick chart. There's are my first trading view publications so please have patience while I learn their system. Hope you all have successful trading!
Spent too long flopping around below $50 here as well as broke a volatility contraction pattern to the upside then immediately kicked in the bucket and sank below the funnel level. Short term back near $47
Oil is consolidating around $49 at top of the last leg up. It is bullish especially with buyers stepping in mid-day.
Chart had a bullish HVF breakout but did not reach target. Despite overlap of wave 1 and 4, selloff appears to be Elliot Wave bear trend. New target for price of oil is bottom end at $32
New bullish channel in play. It's a small chart so not much wiggle room. Oil still making up its mind
This is currently pushing up against and old fib to the downside %50 @ 46.22, this is the 3rd retest and it did not retrace by much looks like we could see a breakout to the upside possibly to 47.26 there is still resistance above at 46.49 and 47.26 look at the 15 minute for a good entry 20 cent stop profit of 50 cents or more.
USOIL looks to be showing signs of a trend reversal on the weekly, Overall still bearish long term on oil
Last 2 times oil had 4 red bars on the monthly, it followed it up with 3 more. Potentially seeing hitting a low of 23-25 by possibly Fall of 2018. although a bounce off resistance and completion of inverse head and shoulder are still in play
USO has completed the AB=CD Bullish MAPE, I'm expecting a bounce back to the .382 fib line or higher ($9.60 or so). Crude Oil Inventories Wednesday the 28th