GO LONG H4 TRANDLINE TOUCH DOWNLINE THEN WAIT FOR TOUCH UPPER LINE
Hi traders, If you want you can start watching for SHORT TERM Sell setups back to the previous bottom around 34. For buyers, let the price come down to 34 then we will start watching for buy setups.
Nice bounce of support. Should see some buy pressure around here. We still need to fill the breakaway gap from a few months ago to around 41.
💰 LET'S GET INTO SOME OIL ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - 3day Chart - Doji Compression - 3/3 EMA DOTS Red Potential double top as oil takes a 5% hit today. Take entry based off indicators and add the breakout on the range drawn for extra confirmation on...
OIL above liquidity zone, to rally up to $50.00
After breaking a significant resistance, USOIL broke the neck line of "H and S" Pattern. We expect price to go further Higher.
TVC:USOIL BACK TO NORMAL PRICE IS NO DOUBT, 50 IS THE 1S THE 1ST POSITION, 60 IS THE 2ND POSITION.
Clearly we see a successful completion of the inverse H&S pattern in play. Retest of the neckline is expected in order to complete the long term movement towards our future target.With economies picking up globally we can expect the demand for oil to increase in the near future. Trade with caution and exercise risk management.
I've noticed some similarities in the wave structure of the 2018 drop and 2020 drop. Movements are ways more intense in 2020, but I believe there is more up before we will probably be stuck rangebound for a while. We will probably see a top soon, and a move above 54 seems very unlikely. Currently in a trade to take out the previous top around 40.5USD. If you...
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🤔 Day 5, not including weekend of oils trend change. Your key Resistance level is the green upward support that we broke. This shows potential for a new trend as the Crossover strategy has been red and the ema dots have also been red. You will want to confirm a long position when the green align back above the new Resistance. Otherwise let it ride. This is for a...
🤔 We tested the 34.50 key area that I said we would look to test next in my previous oil post linked below. Check that out. I'm currently in a short for 5% from the breakout point. That rebound would of been a nice scalp play, but I'm still sitting on it. The Crossover strategy and ema dots on lower timeframes showed you the entry. My main focus is this daily...
😯 Uh oh! It seems to be that oil has broke upward support. Now it seems to be treating support as resistance. With a potential Elliott 5 Wave completion. Would not be surprised if it dumped. 27.58 needs to hold. Break below 27 is a short. Bear > Bull Best of luck! 🎲 🥇MLT | MAJOR LEAGUE TRADER
What a roller coaster ride oil has been this year! Let's analyze the strong rebound from the negatives that we bounced back from. I have identified a parallel impulse channel that it is playing for support and Resistance range currently. The Crossover strategy is crossing over red but very strong compression right on the support level to battle the trend. You...
CL1! - Crude Oil - WTI - H1 - Weekly Analysis - We have a major Bullish Trend on the Daily, H4 & H1 charts, price has broken the resistance level 37.50 witch is becoming a Support zone. This is a significant sign that the Bulls are leading for the moment, so we will be looking for a Long entry @ 37.50$ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 37.50 |...