USOIL BREAKS THE STRONG RESISTANCE LEVEL & FORMS DOUBLE BOTTOM
USOIL IS FORMING DOUBLE BOTTOM WAITTING TO BUY THIS PAIR, AND AS WE KNOW USA AND RUSSIA AND SAUDI ARABIA AGREED TO MAKE THE PRICE HIGH.
A look at the bottom candles, we see a pinbar candle and bullish engulfing patterns this shows a reversal of the trend. God long if you want to make some money.
Thanks for Taking Interested in my Trading Idea. USOIL: Possibility to Drop till $10 Dear followers, the best Gift for me is "will be your likes , comments & Share Note: This is only for Educational purposes; this is not investment advice. Thanks for your support!
Just updating last scenario I prefern Scenario #1
Aiming to get back to 30 area, but honestly I don't know how if it's even possible.... So this is also a small position. I may close this one half way up.
with a completed wave and a rejection at the 618 level, we expect that the price can make new higher highs. especially with the fact in mind that Russia started the conversation with the Saudis to stop the price war in the OIL. on the other hand, China recovering from the Covid-19. this can be a double impulse for a bullish oil.
USOIL Target 45% gain setup.
Thanks for Taking Interested in my Trading Idea. USOIL: Falling Wedge Pattern. Dear followers, the best Gift for me is "will be your likes , comments & Share Note: This is only for Educational purposes; this is not investment advice. Thanks for your support!
The current news headlines talk about the oil price war between OPEC+ and Russia. Long story short, Russia wants to punish shale oil producers from the US by increasing output. US producers have a breakeven price of 40 USD/BARREL. Saudi Arabia did not agree with Russia during during the OPEC meeting. So they announced an output increase themselves offering...
bullish reciprocal abcd pattern. stop and tp are shown on the chart
I am Expecting Downside Move in US-Oil , Let see How Market Move. ThankYou
After the predictable fall in oil prices, it can now be said that oil is entering a neutral phase.