US OIL idea SHORT @ $50.40 Stop loss at $51.64(red X) Target one green flag at circa $45.5-$46.00 Target two at $39.23. If target one is successfully hit I will exit full position and re-short on a 50% pullback towards the highs place my stop at the red X again and target, target two @ $39.23 But lets see whether target one is hit. Its a good risk reward...
Hello Traders, Here is a wonderful example of a Rogue Wave in progress. A rogue wave explained by Bill Wolfe is as follows: "Sometimes everything is in synch and you will get a rogue wave effect similar to what occurs in the oceans of the world. These can be extremely profitable in the futures and stock market." Although there is a very little mention of the...
easy idea for tomorrow market open we got strong resistances on the way that showed themself by measured descending move. break of 46.5 would move price fast to 47.5- 48.x $ per barre according to weekly we are still moving to make right shoukder in IH&S pattern.
Possible long term wave pattern. If valid we seem to be in a ABC correction, and should expect a move up in price to point C. The first target zone would be last impulse wave 4's zone which goes up to around 62.5
Price seems ready to break above the weekly (purple) bearish trendline now. See my related idea below as well, there is a wedge on the weekly chart.
Target would be earlier impulse wave 4's zone around 60
first Target to 41.48 seconde Target to 41.00
Yesterday, as expected, breakout was bring the price near 46$ and then his weakness bring the price short. Now I can see a really bearish pattern: the M bearish. The confirmation of this pattern must be searched at this support breakouts: River and Moving Average 50 - 44.80/44.60 Support Moving Average 144 - 43.50 Support Moving Average 288 - 42 Now this supports...
Eia extended the upswing but gravity prevailed. Now we seem to be headed to the intersection median downsloper and MLH upsloper. I will certainly contemplate longs there with median upsloper as first target and MLH upsloper as second target. Please note my bigger stop for the second target. Trade well and prosper :)
45.30 is MA50, this level is important because breakout can bring the price near 46$. We must keep in minf 44.90 is the support, breakout of the support could be rail at 41.90. Good trading.
As mentioned before 45.40 is very strong point for this trend. Take a buy position among 45.40-45-80 and wait 46.20
Short to minimum TP: 47.86 after long then shor again, minimum TP 1: 44.22 THIS IS MY OPINION
As expected the breakout of 45.50 was strong long. Now we are in dangerous zone because just 1$ for 47$ and could be retracement, (47.89 is the trendline limit). Today a good chance to trading is zone 45.50 again for long position because river and ichimoku supports are at this price. Before of this price, there are others support: 45.70 (Moving Average 30), and...
If you follow my posts about oil market, you will be amazed how correctly I have predicted this market for a while now. Every move turned out exactly as I was showing you guys at earlier posts. Now it is time again to take a look at this market and try to see what is going to happen next. So I have been long this market since $30/barrel. I tried to buy every dip,...
Take glance at my chart and state your position.In addition,I already stated my position as investors can see. Good Luck,All the best
Now we are at resistence test of daily time frame, the bottom of the river could be resistence. and reasonable target could be 41.90 if break the support at 44.60. Anyway breakout of 45.50 could be rail long very strong at 47$. So pay attention.
Still waiting for a wave C correction upwards. Idea will stay valid as long as 41.80 holds.