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...
pullbacked to the triangle
Feel free to share your toughts!
This is a new concept of chart so please give a like if you have 2 seconds!
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The price for crude oil has passed the previously described support line, which kept the commodity up during the most part of July. Due to the event a couple of updates can be mentioned.
First is the fact that the rate is heading to the lower trend line of the most dominant ascending channel pattern, which represents the surge of the oil price that was caused by...
As we inspect oil prices after last weeks strong USD forcing Oil to come down in price as well as some news effecting this too.
gotta few key levels after using a fresh Fibonacci retracement on the previously formed lows from last week
for the bulls we really want to see Oil come up and close above $68.6 with support from the 0.386fib level, this could push up...
Yesterday’s analysis: Support Cluster from Ichimoku Cloud, Bollinger Band, and trendline. Visible range > monthly 9. Just noticed that a monthly 9 preceded the last bubble.
Patterns: Pitchfork
Horizontal support and resistance: S: $67.10 R: $69.28
12 & 26 EMA’s (calculate % difference): 12: -4.41% 26: -3.21%
MA crossovers: Bearish cross on 1h preceded sell off....
Like the look of the EMA ribbon, very aesthetic
Doubled my position at .98, still looking for another bullish drive up.
no SL... letting it ride for now, as I say... scared money don't make money
Crude oil broke below long term support (white) and we see the healthy pullback in the making.
This move shaped the favorite Bear Flag pattern with a Low Risk / High Return potential.
Wait to sell on the breakdown.
Target area is set within the orange box per Fibbo levels.
I guess it's 5 of (1) in terms of EW.
Take care!
Last week, market is concerned on additional crude oil supply from OPEC and Russia in 2H18. We expect WTI will pose further downside next week. And we expect next week is crucial to the medium-term uptrend of crude oil because:
i) WTI has never fallen below 100MA since early Sep. Currently, 100MA was around US$65.1.
ii) WTI has been growing under an uptrend...
Hi,
I wish oil will go up, but there is a great chance for this bearish flag to play out, also there is another higher chance that the bull flag formed in 4h will dominate the scene. Honestly, oil price was under high manipulation in the last few weeks. there is 50/50 we go down to 65.56 or will push high to 69.88
Good luck
![USOIL: Crude Oil Chart for week starting 20th August 2018 [BTFD]](https://s3.tradingview.com/p/p1EC2Drx_mid.png "Crude Oil Chart for week starting 20th August 2018 [BTFD]")
