Hi there. Price is forming a reversal pattern to change its formation. Wait for the price to complete the pattern and watch strong price action for buy.
WTICOUSD ends the fall. If you look at the oil timeframe for seven weeks, you can see that the decreasing wave sequences are 75% on a logarithmic scale. Let's start with this rule system. Currently, 75% of the WTICOUSD descending sequence is 18,086 usd. This is what I see as the target price for the decline. From this level, I don't expect to move further south....
3/10/20 I am looking for at least one more low to around 22 for now.
WTICOUSD for Late Comers :) I assume the WTICOUSD 2x D1ATR can turn south and start corrective motion. I look forward to the correction movement to the top level of the 1x D1ATR at 32.52usd. Therefore, from this level (thick yellow line) it is possible to enter a long position. Target price 43.76 usd.
wti oil price can go up to 85-90$.
View On WTI Oil (9 MAR 2020) This is not a decline. It is a Crash. Does your account get hit badly? It is time to take trading seriously and learn the importance of Risk Management. No systems (or) No Guru is 100% right all the time. That's why we always say "DYODD". The oil price may find some support near $25 region. Let's see. DYODD, all the best and...
Waiting for WTICOUSD long entry sign. The target price is 52usd. Oil prices have apparently collapsed. This is what I predicted in my analysis. So far I have been constantly in short position. I am now closing this huge profit and am planning on trading for a long time.
WTICOUSD target price 32usd. The WTI exchange started a fractal copy. I look forward to a 1: 1 copy of the original fractal. This means that further strong downward wave sequences may be generated. Target price 32usd.
OIL - WTICOUSD If to lose the yellow trendline and support(42.206) will go until 25.754(blue line).
WTICOUSD Correctional Rise TP 51.37usd. Oil started to make a correction. I recommend the following technique for trading this. The figure shows the yellow thin rectangle. This is the D1ATR range. Apparently, the oil rose higher, indicating that a further rise is expected. So I look forward to back testing to this level. This level is 45.89usd. From this level I...
WTICOUSD target price is 40usd. The exchange rate seems to be building a double downward wave system.
WTICOUSD update. The exchange rate can build a 2: 1 fractal copy. In case this process continues, we are done to finish copying the last fractal. So I'm looking forward to turning north from the 48,122 usd level.
WTICOUSD I hold the long position. The exchange apparently tested the bottom of the W1ATR correction range. It is also visible (thick red rectangle) that you have created a "spike" symmetrically over this range. Therefore, my analysis of the ascent is still valid. The target price did not change either.
Beginning of 2019 we saw a change in character with a sharp bull move to 66.20 level end in May 2019. Oil as been in a accumulation until February 2020 where we saw a run on equal lows. Sweeping out stops positioned below the 50.20 level then trading higher. This area dips down into the buy zone of the 61.8 fib retracement level. Institutions are defending the...
WTICOUSD increasing uptrend movement. The white rectangle in the figure shows the daily correction range for WTICOUSD. We follow a similar set of rules to the previous XAUUSD analysis. In the event that the exchange rate is successfully north of the white line at 51.30usd, a strong uptrend will follow. 1. In case the exchange rate breaks down this level, we wait...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
WTICOUSD update. WTI has reached the level where a H1ATR Stop level with 2RR TP: 57.68 usd target price to launch long position. Following the previous analysis.