I Have in Mind that we will be BEARISH bias mostly this week as we have Tapped into the Premium Daily FVG yesterday and rejected lower. My two targets shown in the forecast are the arrows. Daily PDL Weekly SSL Now it is important to realise that the market is moving in London and a straight sell into 0830 or 0930est wouldn't be the best move. Waiting for a...
It still in up channel and will keep Sliding up
Looks like a BUY to me Wycoff pattern generally quite reliable I'd say 80% Just had quite a big pull back
The first intra day bias will be 78.70 which has eql's Simple as that.
**CrudeOil:** The forecast for Crude this week is for the price to fall to the 76.43 level, that matches with a lost pivot.
Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...
Over view As per my previous weekly analysis, Crude oil had great ride from beginning of this year and paused from previous month. Fortunately this was necessary for having further movement. We can consider the previous month process was retracement thus by expecting further movement in upcoming weeks. Any small bounce from this level would be great bullish...
Bias is Bullish. Daily TF shows 2 weeks of consolidation supported by a Daily +FVG. Friday finally saw a "BO" as price traded through the swing high with a close above it. Note that price is now inside the a Daily -FVG. Potential for a bearish reaction? Yes. However, I believe it will be short term if anything. The 4H gives more detail. One can see...
The structure on Friday shifted into corrective looking waves, so I won't be surprised by another shove lower into fib support before the next meaningful run higher commences. If it goes up directly from here I will have some head scratching to do.
price can reach 82.28 if it trade above the 79.79 resistance area
Maduro will lose the venezuelan election and liberate lots of supply to the market. USA will ease Venezuela sanctions.
Not too much to update here as we are still stuck in a range as expected. We got a new low last Wednesday with strong buyside reaction. Very trappy PA. This week, I would ideally like to see buyside liquidity @79.96 get taken and buy the retracement to catch a move higher. Area of interest below @77.85.
Oil has broken the 15 minute shorts and now are on their way to the All The Way HWB shorts in on the larger 4 hour time frames. You can see how on Friday, the small time frame shorts survived multiple 4 hour candle dives below the 61.8% longs, only to close at or above the 61.8% long. Our 15 minute bias is long and expect it to trade back up to the 82.18-83.42...
BUY CL at the 79.15 or the 78.00 price levels, going back up to the 90.00 to 95.00 price and beyond.
NYMEX:CL1! Longer term trend is still bearish. But Price is trading above 50 SMA, suggesting a short-term bullishness. Will attempt for intra-day longs today with stops below the 50 SMA.
price can bounce from R shoulder(iHnS) for the 1.5%
We saw our weekly target hit yesterday, I have a hunch as on the Daily we are constantly going back to the middle of the range that bsl of some form is in the eye of the market before we would want to move down. I ask myself.... Why would we want to go all the way back (weekly ssl level) if we have been here and raided Sell Stops... If I was the market I would...
Thesre is a Wolfe Wave and Price hugging that Extended 1-4 Line in future is Possible . For price to pop above that Channel to 110.00 Area is also possible . All my Price levels are based on Fib's . So we could be locked in this Channel for a few Months