Hello traders, Oil has made such a strong downtrend after breaking out the long-term trend line. Now it is standing on a possible week support since it cant just break it in one simple bearish candlestick on 4h chart. A retest of it with some bullish candles on 1h chart make oil possible to retest a near high 106-106.7first to make a possible double head first....
Crude Oil to 97/98 area according to Trend-Based Fib Extension, and a strong DAILY support as shown on the chart.
Break of structure happened 14 June Daily time frame LH formed LL in formation on Daily time frame
If 5 waves are in off the march 2020 lows during the covid crash then we topped around $130. We should now correct the entire move in the ABC which looks like a Flat because wave A was very shallow. This means that as long as wave B is in already then Wave C should be 5 waves down and test the golden fib ratio around $58. As the ABC reveals itself I would expect...
Going to short oil at that two factor confluence level.
On the weekly time frame, prices are holding below a key area at 127.80 where we could see further downside below this area. On the H4 time frame, we are seeing a shift in order flow with the break of the recent low at 112.50. A pullback to the resistance area at 114.80, in line with the 61.8% Fibonacci retracement and 100% Fibonacci extension presents an...
Hi friends, I hope y'all had an awesome weekend and ready to tackle this week strong ;) Today, we looking at a possible bearish trend here on the daily. This trend signal is derived from the monthly where the price is in the bullish half a bats L2 formation that will bounce off or retest the 8 m.a before continuing the patterns trend to its 3rd level. So we are...
As we know Russia is agree to stop the war with Ukrain and by this we saw much fall on USOIL. There is some chances that might be USOIL rise again to retest it's supply zone then fall from that level.
Hello traders, USOIL offically choose to test the upper level and sharply turn down to test recent support on 4h chart. So our last idea at least make one level right. Now the plan is keep following 4H new swing down to test new low today SINCE all price action now is running beneath EMAS. This setup is waiting for one more 4H candle to confirm now strong...
#usoil, 9th daily inside bar, 10th insurance bar indication for weakness ahead. 14th june key reversal bar further dictation for lower price ahead. use low risk and divide risk into multiple position. sell with low risk cmp 116.32, more if up 119.20 even 120.90 with stop loss 121.60-70 for target 107.80. 110.20-00 initial support may take profit partially there...
US OIL will go up, 100 points. First we have a break of break of latest support, also we have a break of volume-weighted average price, that will push prices to 120.22
On our breakdown we said we'd be looking for shorts this week and that's exactly what we did with this gem. Perfect entry and into instant profit, we told members we expect a pullback first so this move in the market didn't come as a surprise. We will be holding this trade to just above the major support region. DON'T MISS OUT, FOLLOW THE LINK BELOW
MY FORECAST FOR BRENT OIL IS AS I INDICATED ON THE CHART. IT IS WORTH THROWING A STOP 2.30%. GOOD LUCK. Dünyanın en yüce tahtına da çıksanız, oturacağınız yer, kendi kıçınızın üstüdür. Even if you ascend to the highest throne in the world, the place where you will sit is on your own ass.
Potential Accumulation forming in Daily demand, price broke structure on the 10m giving what looks like a SOS and now we've had a pullback into the 10/15m Demand where price has rejected from, i'm looking for price to clear the highs and pump, lets see! Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial...
The trade has become too obvious and needs a pullback. We would need a serious macro event to get us above $129. Consumers need some breathing room.
I'm done with the ridiculous gas prices. I'm trying to fill up my car not a 737. Price is showing willingness to reverse here as we see price slowing past a liquidity pool. As long as price picks up momentum, we could see a bigger reversal. Otherwise, practically speaking, it's still an uptrend so probability lines with price continuing up after a pullback.
USOIL_D1 Bearish Butterfly Pattern & H4 RSI Bearish Divergence Formation. if like my idea follow me and share your opinion in comments. Thank you.
Looking for a similar price action drop during 2008's Recession. God's Speed...