Thursday, 24 June 2021
22:12 PM (WIB)
I have closed all of my orders on Crude Oil right now with very huge profits and cuts of my times on trades.
I want to enjoy the profits and make some party with my family and friends.
"Live to Ride and Ride to Live"
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I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the...
Oil completed 5 clear waves near 74.30 per barrel, wave % can still be extended thats why we will be watching out for a final leg up and not put tight stop loss.
the expected next move is a 3 waves pullbakc that might retrace back reaching 68$ per barrel as a first target.
if broken we will be looking into a deeper correction.
• If price pushes up to and ideally just above our previous high, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which...
THANK YOU FOR FOLLOWING US.
WITH USOIL AT 2018 MONTHLY HIGHS
POTENTIAL FOR SOME DOWNSIDE CORRECTION
POSSIBLY INTO JULY
AS ALWAYS, ONLY RISK WHAT YOU'RE WILLING TO LOSE.
THE TRADING REGIME
USOIL is and has been on an uptrend for a while now, it keeps pushing up and making beautiful corrective structures. Watch out for a possible down-move that would create a bigger corrective structure. Of course, the down-move does not have to happen, the structure could continue up, but as I see it now there's a probability for a down-move. If you're a Pattern and...
On 16th June 2021 we said that we might see small and shortlived correction towards 68 USD per barrel. However, USOIL stopped its decline at 69.80 USD on 17th June 2021. Then it reversed back up and made a new peak. Our medium term price target remains at 75 USD per barrel. MACD, Stochastics and DMI are all bullish. Although, RSI remains in overbought zone. In...
Tuesday, 22 June 2021
18:33 PM (WIB)
Waiting another pump to higher high this time with expecting $74 as target. This time I will close all of my order except the first.
"Live to Ride and Ride to Live"
• If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets...
Last week, US Crude Oil dropped from the rising wedge pattern line without any big impact.
We would expect the price to fall from here into a corrective phase and test the first support level, but this might happen after we break the top once more.
Trade with care.
Disclaimer: The analysis provided is purely...
I am not really into futures but I like to see the future :)
What I just saw is not pleasent, we are into a bearish channel and on top of it.
So down we go with a long bearish trend.
Retest failed, all indicators in a bubble ready to explode.
Dollar loosing its power is another factor that confirms the idea.
Check the larger view under....