W:
absorption candle
a large range is not confirmed by an elevated volume.
Further growth is possible, but not for a long time - the market is weak.
Basic levels at the beginning of the week, where I'm looking to set up:
1. previous week's Hi 57.53
If the price goes higher, the LONG input will set up trend continuation (retest, consolidation breakdown, VSA)
If...
Brent oil has reached a strong level of structure.
It is a combination of a daily structure and a recent gap open level.
+ 618 retracement of the major impulse
I will be waiting for a bearish breakout of the rising wedge pattern to short the market.
The initial target will be
56.2 level
Target 2
55
Target 3
54
Stop
58
*if the market respects support of...
The best place for Buy Brent Oil Futures will be near the Support level 45.00.
The price bounced from it several times.
Potential profit will be in 3...5 times bigger than risk.
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
Brent Oil initially bounced off what I interpreted as a double bottom. My target at this stage was around $75. Unfortunately this did not play out and the price has come all the way back down to the new horizontal support.
Hello Traders,
Would just like to remind you that we still need oil to get to space.
Gold is a heat reflective material required for space travel and atmospheric re-entry, so please hold and sell your gold accordingly.
Also, Brent changed their ticker from BRENT to BURN1!.
MACD signal line will cross going upward on the month-view around 69 dollars according to...
