AB=CD on Chevron. CVXEarly bounce off support now, full steam ahead to the upside , crossing vWAP and US in the second last candle. Now MIDAS crossed. Below oscillators have or are about to turn bullish, reflective of the upgoing candlesticks. This is an AB=CD as far as I'm concerned and Kennedy channeling for stationary goals in any parallelogram structure applies.
CVXC trade ideas
What Lies Beneath Chevron's Venezuelan Exit?In a striking geopolitical maneuver, the Trump administration has revoked Chevron's license to operate in Venezuela, effective March 1. This decision marks a sharp departure from the Biden-era policy, which had conditionally allowed Chevron’s operations to encourage free elections in the beleaguered nation. Beyond punishing Venezuela for unmet democratic benchmarks, the move reflects a broader U.S. strategy to bolster domestic oil production and lessen dependence on foreign energy sources. Chevron, a titan with over a century of history in Venezuela, now faces the unraveling of a vital revenue stream, prompting us to ponder the delicate dance between corporate ambition and national agendas.
The ripple effects for Venezuela are profound and perilous. Chevron accounted for nearly a quarter of the country’s oil production, and its exit is forecast to slash Venezuela’s revenue by $4 billion by 2026. This economic blow threatens to rekindle inflation and destabilize a nation already teetering on the edge of recovery, exposing the intricate ties between U.S. corporate presence and sanctioned states. For Chevron, the revocation transforms a once-lucrative asset into a geopolitical liability, thrusting the company into a high-stakes test of resilience. This clash of interests challenges us to consider the true cost of operating in the shadow of political volatility.
On the global stage, this decision reverberates through energy markets and diplomatic corridors. Oil prices have already twitched in response, hinting at tighter supplies. At the same time, the fate of other foreign firms in Venezuela hangs in the balance, shadowed by the looming threat of secondary sanctions. As the U.S. sharpens its confrontational edge, the energy landscape braces for transformation, with consequences for geopolitical alliances and energy security worldwide. Is Chevron’s departure merely a pawn in a broader strategic game, or does it herald a seismic shift in global power dynamics? The answer may redefine the boundaries of energy and influence in the years ahead.
How to find Sell Side Institution Trading ActivitySell Side Institutions are a major market participant. They are often called "Wall Street"
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Sell Side Institutions have specific services they provide to the stock market including Market Making when there is a void of buyers. Sell Side make the market by selling short before market opens when the overall market has more retail sellers than buyers.
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Join this discussion to find you how you can learn to trade with the Sell Side and what indicators to use in your Tradingview software.
CVX on the Radar! Carefully Picked for a High-Conviction Trade!Market Structure Overview:
* CVX is currently trading in an ascending channel, showing higher highs and higher lows—a sign of bullish momentum.
* The stock recently hit a high of $158.71 and is now pulling back slightly, testing support near $155.77 - $155.23.
* A breakdown below $155.23 could lead to further selling pressure toward the next support at $151.06.
Key Support & Resistance Levels:
* Resistance:
* $158.71 (Recent High)
* $160+ (Potential breakout target if momentum continues)
* Support:
* $155.77 - $155.23 (Current support zone within the trend)
* $151.06 (Major breakdown level)
Indicators Analysis:
* MACD:
* The MACD is showing signs of weakness as the histogram is declining. This suggests momentum may be cooling off.
* A bearish crossover on the MACD lines would further confirm short-term downside risk.
* Stochastic RSI:
* The Stoch RSI is at the bottom, indicating that the stock may be oversold in the short term and could soon see a bounce.
* If it curls back up, it could provide a bullish entry signal.
Price Action Insights:
* The stock has been following an uptrend, but a short-term pullback is developing.
* A break above $158.71 could send CVX to $160+, while a failure to hold $155.23 could lead to a deeper pullback toward $151.06.
* Volume is relatively stable, but a spike in either direction would confirm the next move.
Trade Scenarios:
✅ Bullish Setup:
* Entry: Near $155.50 - $156.00 (If support holds)
* Target: $158.71 → $160
* Stop Loss: Below $154.50 (Break of trend)
❌ Bearish Setup:
* Entry: If price breaks below $155 with high volume
* Target: $151.06
* Stop Loss: Above $157
Final Thoughts:
* CVX is bullish but showing short-term weakness.
* Watch the $155.23 level for a bounce or breakdown.
* A break above $158.71 could trigger a strong upside continuation.
🚀 CVX is in an uptrend, but watch for potential pullbacks before entering new trades!
📌 Disclaimer: This analysis is for educational purposes only and is not financial advice. Always do your own research and risk management before trading.
Chevron Heading Underground. CVXA bearish outlook on this situation from a purely technical standpoint. The amalgamation of factors make for a convincing picture. There is a break of MIDAS line, price action cross of US and vWAP line, cross of US/vWAP lines, negative volatility zone oscillations, negative stochastics, trigger cross of downgoing vzo ribbon. And to top it off, exit out of the OBOS territory by the momentum indicator. Good luck out there!
CVX Tests Major Resistance! Can the Bulls Keep the Momentum?Technical Analysis Overview:
1-Hour Chart:
* Trend: CVX remains in a strong uptrend, approaching key resistance near $157.5.
* Indicators:
* MACD: Displays slight bullish momentum, but histogram is flattening, signaling possible consolidation.
* Stochastic RSI: Overbought at 87, indicating potential short-term exhaustion.
30-Minute Chart:
* Price Action:
* CVX is consolidating near $157, just under key resistance at $157.5-$160.
* Support at $155 has held firmly, demonstrating buyer strength in this range.
* Volume: Moderate volume indicates steady buying pressure.
Key Levels to Watch:
Support Levels:
* $155: Immediate support level and highest positive NETGEX.
* $152.5: Next support zone, aligning with GEX10.
* $148: Strong support near the 3rd PUT Wall.
Resistance Levels:
* $157.5: Immediate resistance, coinciding with the 3rd CALL Wall.
* $160: Major resistance, aligning with the 2nd CALL Wall.
* $165-$170: Long-term resistance zones with significant CALL walls.
GEX Insights:
Key Gamma Levels:
* Positive Gamma Walls (Resistance):
* $157.5: Highest positive NETGEX and immediate resistance.
* $160: 82.85% (2nd CALL Wall).
* $165-$170: Major resistance levels (12.8%-19.94% GEX).
* Negative Gamma Levels (Support):
* $155: Strong support aligned with highest positive NETGEX.
* $148: Backed by significant PUT support (-0.89% GEX).
Options Metrics:
* IVR: 41.4, indicating moderate implied volatility.
* IVx: 23.3, slightly below average.
* Call/Put Bias: PUTs dominate at 22.7%, showing caution in the market.
Trade Scenarios:
Bullish Scenario:
* Entry: Above $157.5 with volume confirmation.
* Target: $160-$165.
* Stop-Loss: Below $155 to limit downside risk.
Bearish Scenario:
* Entry: Rejection at $157.5 or a breakdown below $155.
* Target: $152.5-$148.
* Stop-Loss: Above $160 to control losses.
Directional Bias:
* CVX is consolidating below a critical resistance zone at $157.5. A breakout could lead to bullish momentum toward $160-$165, while failure to break higher may result in a pullback to $155 or lower.
Conclusion:
CVX is approaching a crucial inflection point near $157.5. Traders should monitor this level for signs of a breakout or rejection. A decisive move above $157.5 could signal further bullish continuation, while a breakdown below $155 may signal consolidation or a retracement.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
Major Price Movement Incoming for CVX!Signalist has detected a precise pattern in NYSE:CVX trading activity, signaling that a substantial price movement is imminent. This isn’t a random fluctuation—it’s a carefully analyzed precursor to a significant market event.
📅 What to Expect:
⌛ Timeline: Anticipate a major move within the next 1 to 4 upcoming 3-hour candles.
📈 Monitor the Charts: Keep an eye on CVX’s price action over the next few candles.
Prepare Your Strategy: Whether you’re bullish or bearish, have your trading plan ready to capitalize on the move.
Major Price Movement Incoming for CVX!Signalist has detected a precise pattern in NYSE:CVX trading activity, signaling that a substantial price movement is imminent. This isn’t a random fluctuation—it’s a carefully analyzed precursor to a significant market event.
📅 What to Expect:
⌛ Timeline: Anticipate a major move within the next 1 to 4 upcoming 3-hour candles.
📈 Monitor the Charts: Keep an eye on CVX’s price action over the next few candles.
Prepare Your Strategy: Whether you’re bullish or bearish, have your trading plan ready to capitalize on the move.
CVX long positionhi traders,
Looking at the daily graph for Chevron Corporation (CVX), we can
expect a possible price reversal scenario. The stock recently has
been seen at support level of around $144 and has started depicting consolidation evidence. The price can be seen forming a possible structure for a bullish recovery; therefore, a rebound from this zone could open the pathway for further upside momentum.
Risk-reward ratio: 3,53
The trading idea is based on technical analysis.
The price established a range and after revisiting the bottom of the range, we expect the price to retest the top of the range again.
The entry, target and stop loss are shown on the chart.
Good luck
Chevron: Progress!Chevron has dropped decisively, significantly advancing our primary scenario. In this scenario, we expect the ongoing turquoise wave 2 to find its low just above the support at $135.37, which should set the stage for fresh upward movement. In the meantime, the probability of our alternative scenario has been reduced to 32%. Still, the possibility of an already established low of the turquoise wave alt.2 and, thus, a direct breakout above the resistance at $166.91 should be considered.
"This Price Action Reminds Me Of 3 Chart Patterns.."Yesterday i was trying to talk to some
youthful people as they did not understand
the value of value.
It really angers me when people don't understand
me and this type of emotion can be very selfish
but I always have to remind myself that I am
a leader and as a leader its my duty
to be the best version of myself
and control my emotions.
The market is on fire again
These past few days the market was silent
right now we are looking at the price of oil
because this NYSE:CVX is an oil company
Yesterday we looked at the gold price
and I explained to you
the rocket booster strategy
To learn more and reread yesterday
article check out the
resources below
This chart pattern is a little bit confusing
it reminds me of 3 chart patterns
(1) Gravestone doji
(2) The long Upper shadow
(3) The hammer
Which of these 3 do you think it is?
There is a lot of conflict
during this end of the year maybe this
could be the reason
For the energy sector to be on fire.
Rocket boost this content to learn more
Disclaimer: Trading is risky
please learn risk management and profit-taking
strategies
because you will lose money whether you like it or not
and feel free to use a trading simulation tool
before you
trade with real money.
Chevron_CVX_1WChevron shares are active in the field of oil and energy and it is a suitable trading and investment position. This symbol is based on the Elliot waves in the rising wave, which can move to rise for the 5th wave in the long term due to the completion of the 4th correction wave. The suitable range of purchase is 160.00 Target wave 5 pieces 220.00
Chevron (CVX): Bottom in Sight?Chevron ( NYSE:CVX ) has maintained a wide range between $167 and $137 since March 2022, with one notable push above this range likely corresponding to the completion of wave 3. The focus is now on identifying the wave 4 bottom, which we anticipate to form between the 50-61.8% Fibonacci retracement levels, or $128–$113. This range is supported by key technical indicators, including a High Volume Node Edge and a Point of Control (POC) within this area, adding significant confluence.
From a macroeconomic perspective, Chevron faces challenges from declining crude oil prices, which is impacting investor sentiment. Despite a brief surge in oil-and-gas stocks following Donald Trump’s victory, this momentum has not sustained across the sector. Broader bearish factors such as weak Chinese demand, global overproduction, and OPEC’s indecision on further cuts add to the uncertainty. Bullish bets on oil due to geopolitical tensions have largely underperformed over the last two years, further pressuring the commodity and Chevron.
Should NYSE:CVX reclaim the range high at $167, it could signal a trend reversal, suggesting the wave 4 bottom may already have formed at $135.55, the last significant low. However, if the resistance holds, further downside into the targeted area seems likely.
We will continue monitoring how global tensions, oil price fluctuations, and broader market conditions impact Chevron’s performance. Until then, patience is key as we await a clear signal.
Could Chevron ($CVX) Surpass $175 with Its Bullish Surge? Could Chevron ( NYSE:CVX ) Surpass $175 Amid Its Bullish Surge?
What do you think? Is $175 in sight for #CVX? Share your predictions and let's discuss the potential of this energy giant in the comments below!
#StockMarket #Chevron #EnergySector #Investing #Finance
CHEVRON Ideal sell at the top of the 2-year Channel Down.Chevron (CVX) has been trading within a long-term Channel Down since the November 14 2022 High (almost 2 years). The price is currently on a 4 week rejection streak on the 1W MA50 (blue trend-line) but despite the selling pressure, it closes every 1W candle flat, refusing to decline.
This is most likely the same accumulation/ pull-back phase that the previous two Bullish Legs went through upon testing the 1W MA50. They both eventually broke it and peaked at the top of the Channel Down.
We expect a similar peak within the 1W MA100 (green trend-line) and the 1W MA50. Once the 1W RSI also peaks and starts reversing (red arc), we will sell and target 132.00 (just above the 1.236 Fibonacci extension).
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Oil to da moohnThe horizontal grey lines are yield curve inversion dates.
Just take a moment to look at the long term trend, then the similarities to prior cycles
(used some green and red circles to help visualize)
200 week SMA has just tested as support as well.
Williams % monthly bottomed out
Bullish div on monthly MACD
I prefer buying OXY over CVX but some people like the dividend here.
I have to say though, the divvy and buybacks on OXY will be crazy good once they pay off debt.
"Inverse Head and Shoulders" pattern formed on CVX!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!