USOIL WTI H4 Bearish Gartley Pattern & Symmetrical Formation, This Week Setup
This is a follow-up video to my previous analysis on the USOil where we closed the week with close to 2,000 pips profit (see link below for reference purposes). Despite the drop in oil prices in the last couple of months to worries of recession, there appears to be some sort of recovery last week as prices climbed to close the week with a 4% growth. Could this be...
USOIL/WTI H4 This Week Trade Setup. Share your opinion in comments. Thank you
The Oil market has been gripped with fear and uncertainty in the last couple of weeks (s) to impose selling pressure as we witnessed a drop of over 1,000pips during the course of last week's trading session. Now that the price cap of $60 per barrel on Russian oil has been agreed upon by the G7 last week; how will the market react or respond to this development in...
USOIL has been in a bearish trend, It is now showing a little bit of bullish strength ,however I am still bearish on USOIL until it take out the imbalance at $81... I am looking to take a Short at $81 because of the strong imbalance that was created .. My stop loss will be above $83 and my minimum target will be $72.
Hello traders! ‼️ This is my analysis on USOIL . Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalances higher and then to reject from bearish orderblock. ‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated....
USO got a wild ride ahead! We're expecting the course to drop further below the support line at $63 to finish the green wave 3 before rising up again to complete green wave 4. Subsequently, the trend should continue to sink into the turquoise trading zone between $52.24 and $43.83 in order to end the correction with the turquoise wave prior to heading back North...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
A record number of new coronavirus cases in China (the world's highest importer of crude oil) coupled with the inability of the EU to agree on a price cap for Russian oil Crude prices resulted in a plunge in price as the price fell for a third straight week. From a technical standpoint, it is obvious that price action has been caught within a channel ($93.50 and...
What has really happened? Drawing from reserves? Pushing the price cap narrative? They are all temporary relives, just like a plaster/bondage on a wound. Chinese demand will pick up and war continues, and latest developments around south korea... I believe the Oil Rally is far from over, and the longer the spring is tried to be controlled/held, the harder it will...
Been charting this move since mid July 2022, we are getting close to a bottom IMO, currently testing the bottom TL of the mega phone pattern. Now looks like a support flipped into resistance. Targets remain $45-$55 for a bottom and likely big bounce from there. Which is the 618% from the covid 2020 crash when prices went negative.
Hello traders! ‼️ This is my analysis on USOIL . Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalances higher and then to reject from bearish orderblock. Like, comment and subscribe to be in touch with my content!
🟢 USOIL TF: 4H Side: Long SL: $79.50 TP 1: $84.30 TP 2: $86.10 TP 3: $87.56 There is a nice flag formation and RSI + MACD look reset enough to take this long position. I think that it could go well beyond my $87.56 target. But as part of my risk management strategy, I will close at $87.56 and open another position from there if that is the case once it flips...
This is a follow-up video to my previous publication on this commodity where we closed the week with over 1,000pips in profit (see link below for reference purposes). The price of oil dropped by about 10% during the course of last week trading session and this is likely due to concern about weakened demand in China and further increases to U.S. interest rates....
Hello traders! ‼️ This is my analysis on USOIL . Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. Price took out sell stop liquidity so I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish orderblock. Like, comment and subscribe to be in touch with my content!
It is fact that WTI crude oil gained about 10% in October following the OPEC+ decision to cut oil production but it doesn't appear that decision is making a significant impact as the price is unable to break out of the $93.50 area in the last couple of weeks. From a technical standpoint, price action is caught within a consolidation phase between the $93.50 and...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.