Trend: Bearish Candle Sticks: Several Bearish Candles; hammer, inverted hammer, bearish engulfing, etc. Support & Resistance: Price is testing current support. Parallel Ascending Channel Support:
Hello traders, USOIL is still bearish on 1H chart for us. At least still safe to sell before NY session or before Fed' rate to be confirmed a new high. The next support zone is 93.7-94. 91-92 is our second target zone. Good luck on selling it . LESS IS MORE!
The above chart is USOIL on the 4hour and this should be the primary focus for the next two weeks. As stated in the last breakdown USOIL made a V SHAPE recovery which was bullish and sellers have failed to make a 100% retracement. We now have a gap close to the important zone of $104.60 and we can bet if price comes back up to this level to fill the gap it will...
Commodities super cycle is over? Or we are heading towards recession? Only Gold in the previous week gave some gains to their investors while the other remains in question Let's talk about the oil in particular amid to investors eyeing recession is not too far. Technically speaking, USOil is holding the 94 firmly while it made a inverse headnshoulder indicating...
G'day all, hope you're well! I don't usually publish my ideas, but I thought this might be worth a look since I've been experimenting with the effects of EMAs and Fibs on charts in what I like to call "Order of Priority". So, let's dig in. Before you read on, you hereby acknowledge that you will possibly be exposed to crappy chart jokes that may or may not...
Good day guys and girls, as a follow up to my last post I mentioned how I have been bearish on USOIL the whole time... well... here you have it.. my personal system is quite conservative so not too many trades present themselves... but when they do we know that probability is on our side. Isn't that what we as traders aim to do? put probability on our side? Now...
Hello traders! ⁉️This is my analysis on USOIL. Here we are in a bullish market structure, so I am looking only for shorts. I expect price would go a little bit higher to take out liquidity above previous daily high and to fill the imbalance. My point of interest for short is bearish orderblock around price level 102.00. Like, comment and subscribe to be in...
ENTRY OPPORTUNITY LIQUIDITY GRAB POSSIBILITY. Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes...
Hello traders, USOIL migh finish sideways price action soon to continue downtrend to the fibo 1.27 ext position. Good luck on holding ur short order. LESS IS MORE!
Hello traders, USOIL did not get any chance to get back higher position. Instead, worries of economic decline is still leading OIL down. On 4h chart, it makes ABC wave up first but now is in a new ABC wave down. That makes a bearish bowl to us. 90 is the nearest target for my selling order. GOOD LUCK !!! LESS IS MORE!
They almost always trade exactly the same. And HYG has NEVER gone down without oil going down. Until right now. Wonder how long it will take to correct.
Simply does it; USOIL followed our last breakdown perfectly and turned very bearish below $107.90. We stated weeks before it happened and even called the reversal from the $121.00 to the current levels. Look back through our posts and you'll see that we have been calling for the $80-$90 for a while now and it's starting to come through. No one agreed with our...
In the past three months, we warned investors about the imminent trend reversal in the oil market. Accordingly, we set price targets for USOIL at 100 USD, 95 USD, and 90 USD. Yesterday, our short-term price target of 100 USD was taken out. Due to that, we would like to update our thoughts on USOIL. We continue to be bearish on the asset and expect the volatility...
Most probably the trend seems to be bearish as the weekly channel has broken and the retest is going to finish its high. So plan your trades wisely. Thank You.
Be aware this trading scenarios are based on the 15min chart. TLA1 is based on a recent Swinghigh that served as a strong resistance level. 1. Short (Orange arrow) Requirements: - Price falls below TLA1 - Price moves to S/R Level 1 or falls even deeper - Short opened on retest of TLA1 Target: Recent Swinglow aswell the next Support level (on that...
USOIL Has exceeded the expectations I had for it 2 weeks ago. Though it didn't go down the way I was expecting, it went down. We now have what looks to be a bearish continuation setup and that is what we are looking to take advantage of. A bullish movement is expected and will likely result in the rejection of that trendline, pushing the price down.
Hello traders! ⁉️This is my analysis on USOIL. Here we have seen a change of character, this means a reversal in the market structure. Now I am looking for shorts, so I expect the price to continue the retracement and if the price fills the imbalance and rejects from bearish orderblock I will open a short position. Like, comment and subscribe to be in touch...