If complate diamond and break down then sell with target 33.7
Hello Traders, Similar to my CL1! and USOIL charts I posted yesterday. Chesapeake Energy formed a very similar structure. I would be interested to see how well these 3 charts correlate with one another. The charts I am referring to are found below. Best, Chartistry
Hello Traders, Similar to CL1! we have a bearish Wolfe Wave in USOIL. I would cautiously enter a short trade here with tight stops.
Previous support becoming resistance, USOIL is now testing the trendline, if it rejects short it I will personally enter at 44- 44.1 Tp 1: 42.25 Tp 2: 38.05 SL: 44.9
Oil this week has seen many speculations related to it. However let's keep it simple and sell this breakout.
OIL has bearish divergence at D chart. Weekly has a bit of a bullish bias but it's Stoch is overbought. Tomorrow will be a decisive day for WTI, if it breaks 618 Fibonacci retracement with force then we can think that this rally has some steam, else it's just a short covering rally and OIL heads to 1.618 projection of previous Peak-Trough
Think it will get to 33 but many in the craziness even 24 in a pin .
USOIL completed bearish shark hopefully will go down now.
FX:USOIL Safe Trades;
NOW SELL USOIL SELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELLSELL
Bullish divergence in Crude Oil (WTI) H4 opening for correction Bullish divergence in Crude Oil (WTI) H4 opening for correction back towards 35$ (round number), 34,80$ supportline and 34$ (0.38 Fib support). This scenario might play out, if the ECB rate decision, today 13:45 CET, disappoints markets, e.g. postponing further ratecuts and QE measures to the...
FX:USOIL SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD Safe Trades; open.spotify.com
Entry: Wait for the price to consolidate in the sell zone. TP1: 32.3585 TP2: 29.4412
Upward trend to break, due to rejection from support above