Hi I have posted an idea about UK oil a few weeks ago that tried to show bearish market is not finishes yet but I never insist on my ideas and for now there is a considerable doubt about it I need to share it with you as an alternative. Just let to break out green static support and then purple channel to decide about bull positions.
10cbH 261 Based on continuation for idm zone Failed on brent but taken on crude Jump into it to early targeting ibm zone Hidden with combination of 10 structure with 261 was never a good setup in the 1st place.
30cbS 261h1 Pullback imb Ep price at 89.30 Entering below Highest at 89.66 Chicken out There is another level sharp at 89.60 60cbS from previous day Not recovered MM✓
40cbH 261h1 Continuation imb rbs Ep price is at 87.8-7 Still fomo perhaps
Brent Crude Oil Prices for April, 2024: $89.019, $88.024, $88.459 will be the next low. $90.956, $90.585 follow by, $91.109 = New support $91.279 $91.467 $91.850 Execution Price = $91.70 $91.850 $92.255 $92.553 Distribution Price = $93.662 Expect a big drop as if you switch to 1D timeframe the distribution price, $93.662 will create a bearish...
UKOIL rebounded from the support level and broke close above the channel. The market descending channel is just a pullback on the 4-hourly chart, so it makes sense to buy the market. We expect a bullish move to potentially break out of higher highs. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Brent Oil Price Reaches Its Highest Since October 2023 The Brent oil chart today shows that the price has exceeded USD 89 per barrel — this is the highest level since the end of October 2023. Reasons for strong demand for oil: → The OPEC+ meeting ended this week. Exporting countries maintained their policy of limiting oil production unchanged. → Ukrainian drone...
Monthly chart. We can see that the kijun line has slightly crawled into the cloud, but the candle opened above the line. Usually this pattern can develop like this, it does not have an immediate impact for the price to go under the cloud. We see the Tenkan line sailing higher and we see a very meaningful trading range of ~$105-$120. Without vouching for...
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
In this live trading video,we look at why we took the Brent oil trade at low risk using price and volume on our 100k traders challenge account. We explore the use of channels with relation to the smart money framework. The concepts and ideas in this video can be cross transferred onto any strategy.
UK OIl Will Start upside movement if sustain above 84 Stoploss below 74 upside target position 88-94-99+++
🔸Hello traders, let's review the daily price chart for UKOIL. Speculative XABCD in progress, with 20% upside potential based on the current price action / fundamentals. 🔸XABCD structure is defined by point X at 95.60, point A at 73.20, point B at 92.50, point C at 77.00, point D/PRZ at 105.00, currently most points validated, point D/PRZ pending in May/June 2024...
Daily - long is the way to go here on oil. there is a zone above that can provide some resistance **88.15 - 87.17**, once that gets cleared, I will look to get involved. till then, I will wait. Origin - looks extended here. a pullback seems like the way to go here. I will look for a pull to the zone **86.54 - 85.77** . once price enters this zone, I will drop to...
📊 According to the upward movement momentum of the price, if the range of 87.5 units is broken and the price stabilizes above it, the price may increase to the range of 88.50 🎯and in the case of the strength of the range of 90.00 units🎯🎯. 📊 Otherwise, the price may fall to the range of 85.00 units.
In this live trading video,we look at the underlying concept behind our OE basesd strategies,why actual reward:risk is more important than Expected,how to select your trades and our Q1 performance review on our 100k traders challenge account. The concepts and ideas in this video can be cross transferred onto any strategy.
A fib retracement after breaking below the trend line and forming a pin bar in 12 hr gives an idea of a long position for an RR of ~2.5