WTI OIL Sell Signal (Inverse H&S and support levels)Pattern: Inverse Head and Shoulders on 4H. Channel Up on 1D.
Signal: Bearish after the Resistance (Double Top) rejection.
Target: 58.40 (1st supporting line) 57.50 (1D Higher Low).
Wtisignals
WTI OIL Buy low. Sell high. Repeat.Pattern: Extended Bullish Megaphone on 1D that is posting a repetitive High Low candle sequence after each Channel Up.
Signal: Bullish but with a lower entry either at 56.00 or 54.50. Long term bullish break-out if the green line breaks (60.00 - 61.00).
Target: 60.50.
USOIL Rangebound Morning everyone! I hope you all are doing well. Following oil this week, we should continue to stay rangebound with the 50-EMA and the 200-EMA offering support/resistance. No news yet has triggered a push in either direction. Alarms have to been set to trigger at 55.20 and 57.10 to signal upward or downward momentum. If the market continues to stay range bound, shorting at 57.10 and going long at 55.20 should continue to reap rewards. Triggering in either direction with an igniting factor (supply cuts etc.), would indicate the opposite (going short at 55.20, long at 57.10).
Happy Trading!
Zak
WTI OIL Sell SignalPattern: Channel Down on 4H.
Signal: Bearish after making a Lower High.
Target: 55.00 (previous Low).
WTI OIL Buy on pull back or break-outPattern: Bullish Megaphone.
Signal: Bullish. Two entries. The pull back towards 53.00 (1) or the break out above the green line (2).
Target: TP(1) 58.00. TP(2) 60.00.
USOIL (WTI) - Bearish Minor 2 - February Wave Counts - Part 4USOIL (WTI) labeled in a corrective sequence in Minor 2 (green), which appears to unfold as a sharp correction.
A bearish impulse would be expected before WTI could bounce back.
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Many pips ahead!
