Trading should be simple, when you over complicate things you are usually way to attached mentally/emotionally to a setup/trade.
Here's WTI.... OPEC coming up again tomorrow with the first meeting being a solid "nothing", and that "nothing" helped us form a pullback, but that pullback resulted into a lower high... meaning this is now a solid bearish...
.... for the better part of "Eternity". (Well, at least for the foreseeable future.) A soon-to-bottom U$D also will not help WIT's cause. This market was, is and remains, at these levels, nothing more than just one part of the global speculative bubble. We shall meet again at $30.
WTI is showing me excellent shorting signs right now... and based on the video analysis I am sharing with you here, it might just all go to plan!
Our complete system agrees there is a higher porbability of down-side than upside! (Some profit taking could occur)
When i see a spining top on a 4 hour or 2 hour and daily,it could go down. But not too fast, we'ree also having a big fundamental news at 15:45 and 16h.
So depending on best positive news you take up or down. Beautiful set up. In my opinion the dollar news could be stronger, because the dxy broke the weekly level.
Let's see what happens in a quater...
Hello I have a crude Oil sell based on the Bullish sentiment picking up on oil but it is not ready to break out.
We will retest previous lows or continue to sell off today.
Take Profit 1: 51.86
SL at entry
Take Profit 2: 51.15
Today, the indicator "Kenji" on the daily Oil (WTI) chart generated a sell signal.
Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of Oil (WTI) is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the...