Might be completing the last wave and then it'll be going down
WTI prices continue dropping along with a rising dollar. I remain short on WTI unless we see a bottom at $ 46 !
WTI prices haven dropped significantly and the violent decline will hit the $ 46 level!
Hi, In 23 minutes, we will have report about Oil stock. Chart is telling us that price should rise. Level 70.50 become strong support. We have two brown swing look like we should have third rising swing in order to create matrix. I am ready to trade. Are you? Good Luck, Jim
Price stalled at the 77 mark. We are now seeing the key 2hr trend line being test There are two key take profits for this trade The beginning of a head and shoulders can be seen which should add to the selling pressure
Hi, Price just completed another matrix. Now we are looking on market vibration getting weaker and we should expect to end triangle. Momentum remain very strong in upside. Look like we should experience price rising higher. Tomorrow pay attention to the price going higher over 0.66 retracement level, this will be indication that uptrend will continue. Let’s...
Hi I have become interesting with WTI Oil chart. Similar situation you can observe on Bitcoin chart but on the opposite site of the chart. According to GWT (shown analysis are based on it) price must make three swing: first primary swing, secondary swing and second primary swing. But what we see on the chart are formations of only two swing. They become smaller...
WTI (USOIL) labeled as an ABC correction, where wave B presents an Expanded Flat which is finalizing with an Ending Diagonal. Expecting a big sell-off in wave C.
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...
Crude Oil (WTI) – Daily Resistance & Support: Resistance: 70.00 / 80.00 / 90.00 / 100.00 Support: 66.50 / 60.50 / 58.00 / 52.00 Crude Oil (WTI) – Summary: Expected to complete the correction at or around the 60.50 Levels and resume the up-trend in an impulsive manner. If the Bullish Impulse will present an Extension, the swing could reach 80.00 Levels, but could...
i short oil for gain a small pullback even it can be more big..for now oil is in up trend but hard level to pass so i think price can go in a range for a time 60.xx a big level may she will need some boost about data or economic news or other for pass it short at 60.64 target 60.00 gain 64 pts
even all support oil this time the techical analysis still the same i enter short for a legit pullback also Wti is mmuch in overbought territory enter at 57.35
Idea: Expecting the uptrend to slow and retracement before further buying. The uptrend has shown signs of fatigue with lower highs on the 1hr chart. The 1hr Stochastic and RSI are both over bought indicating a pullback is likely. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading...
Sell WTI at low of Bearish Pinbar on Daily Chart. SL: A few pips above the high of the pinbar TP: Next weekly major resistance. Note: Closing trade when close (New York Candle) above the daily EMA 5.