This has been very steadily grinding downwards and is now entering a Bearish environment again. I think this will reject off the lower trendline that it broke yesterday, it is just below this now. From here I have set 3 targets for TP that can either be held or swing traded. If this does reject the trendline mentioned the SL can be just above this. I do think this...
Hi Traders, USOIL is retesting its Supply Zone. I have drew to profit levels also. hope this work. Good Luck
It sure looks like Oil will be heading lower from here. take a look at those nice red candles 🛢🛢🩸
Please share with me your thoughts, Regards
PLEASE SHARE WITH ME YOUR THOUGHTS REGARDS
Entry at market 42.5 Stop 45 Profit towards 39 and 32
Since collapse we have had a good recovery with a very strong impulse and the 3 day continues to shoot green. Now we are zoomed in on 12 hour timeframe. After the strong impulse, price action has started to range into something similar to an ascending wedge creating a test at the recent top with a tight price consolidation. These are the perfect kinds of moves...
🤔 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
If price continues to respect resistance, I will be looking for sells.
USOIL each and every time gonna reach this 20 level gonna be an important support area and we had a nice bounce from that level ,I mean 20's is a very old good number we need to go back all the way toward areas around 2001 to see such a price level so that's why it was a critical area here so BUY each and every dip toward this area because the risk and reward is...
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!