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QCS1! trade ideas

My zone set ups and Entries I decided to post my first video Ever... on how I get my zones on the chart & how I get my entries. Ive been working hard the last 4 years on becoming a full time trader and feel good about this trading style. Ive gone through so many styles on how to trade. This has been amazing for me. I love scalping , in and out of the market, I've learned I don't need to make 100 ticks every day. If this works for you awesome. Again I'm no content creator so have no idea what I'm doing lol.
NYMEX:CL1!
by HighermindsXRP
20
CRUDE OIL: 21 Jul, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation). Forecast: Bearish Where are we in Elliott wave analysis? The chart on the left shows that we are bearish with the 3rd wave (Labeled wave (iii)-orange). Basically it will continue to push down even lower. (1D Chart) The broader context suggests that wave (ii)-orange seems to have ended at the high of 84.52, and wave (iii)-orange is now unfolding to push lower. It is important that the price consistently remains below the high of 84.52 to maintain this view. (4H Chart): The short-term outlook shows that since the high of 84.52, wave iii-grey is unfolding and subdividing into wave ((3))-navy. The price could continue to push lower, approaching the lows at 77.58 or 72.48. The price must always remain below 83.10 to maintain this view.
NYMEX:CL1!Short
by ShaneHua
US Oil: Market Structure Shift 🚀 **US Oil: Market Structure Shift & FVG Targeting Buy-Side Liquidity!** 🚀 US Oil has been making waves in the market! 🌊 After a significant move that took out the sell-side liquidity, we've witnessed a powerful market structure shift. This pivotal change has created an exciting fair value gap (FVG) 🎯, setting its sights on the buy-side liquidity. This shift signals a potential bullish momentum 📈, providing traders with lucrative opportunities to capitalize on the market's upward trajectory. As the FVG narrows, the target on buy-side liquidity becomes clearer, making it a critical zone for traders to watch. 👀 Stay tuned and keep your eyes on US Oil as it continues to navigate through this dynamic market landscape! 🌟💹 ---
NYMEX:CL1!Long
by Asif_Brain_Waves
Crude breaks support - againJust when the bulls thought that crude may have found some support, the sellers came out and smashed their hopes. While crude was a touch firmer in early trade, the gains were coming from a lower base. Yesterday, front-month WTI appeared to find some support around $77.50, having sliced below $80 at the end of last week. But it didn’t take too much effort for the sellers to push prices lower again, taking oil down a dollar below support. Could that mark some seller exhaustion? This kind of support break certainly has done recently, with prices seemingly set to continue lower, only to reverse sharply. Certainly, the downside pressure has been fairly relentless over the past three weeks. But as things stand, any upside move from here would look like a correction, at least initially, rather than a flip from the current downward trend. Yet stranger things have happened. While the charts suggest that a retest of the June low is quite likely, it’s difficult to know how much resolve the bears have currently. One thing seems reasonable to state, and that is that the current oil market isn’t forecasting a period of strong global economic growth.
NYMEX:CL1!
by TradeNation
CRUDE BREAKOUT - MCX - JUNE 24Technical Pattern Analysis Pattern: Potential Bullish Breakout from trendline Timeframe: 1 Hour Analysis: Crude oil is showing signs of a potential bullish breakout. A sustained move above 6500 level could signal a bullish trend, with initial targets at 6600-6700. Positive sentiment is supported by a decline in crude inventories and supply disruptions due to wildfires in Canada. Note: This is a short-term analysis based on the given information. It's essential to consider broader market conditions, fundamental factors, and other technical indicators for a comprehensive outlook. Potential Trading Strategy: Buy: Above 6500 with a stop-loss below 6490. Target: 6600-6700 IF YOU LIKE MY ANALYSIS DO LET ME KNOW :) Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves risk.
MCX:CRUDEOIL1!Long
by Shalvisharma5
1
Oil (CL) Turning Lower in Elliott Wave Impulsive StructureShort Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave (1) ended at 72.48 and rally in wave (2) ended at 84.55. The commodity has turned lower in wave (3) with internal subdivision as another impulse in lesser degree. Down from wave (2), wave (i) ended at 83.07 and rally in wave (ii) ended at 83.45. Oil then extended lower in wave (iii) towards 81.25 and wave (iv) ended at 82.16. Final leg wave (v) ended at 80.81 which completed wave ((i)) in higher degree. Wave ((ii)) unfolded in an expanded flat structure where wave (a) ended at 83.74. Wave (b) lower ended at 80.22, and rally in wave (c) ended at 83.82 which completed wave ((ii)). Oil has turned lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 82.04 and rally in wave (ii) ended at 83.52. It then resumed lower in wave (iii) towards 76.40 and rally in wave (iv) ended at 77.51. Expect further downside to complete wave (v) of ((iii)), then it should rally in wave ((iv)) before it resumes lower again. Near term, as far as pivot at 84.55 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
NYMEX:CL1!
by Elliottwave-Forecast
Oil Price on Track to Test Monthly LowThe price of oil appears to be on track to test the monthly low ($80.81) as it continues to pull back from last week’s high ($83.74). Crude Oil Price Outlook The recent rally in the price of oil seems to have stalled ahead of the April high ($87.67) as the Relative Strength Index (RSI) reverses ahead of overbought territory, with a breach below $80.70 (38.2% Fibonacci retracement) raising the scope for a move towards the $78.50 (50% Fibonacci retracement) to $79.00 (50% Fibonacci retracement) region. Next area of interest comes in around $76.30 (61.8% Fibonacci retracement) but the price of oil may face range bound conditions should it track the flattening slope in the 50-Day SMA ($79.40). Failure to test the monthly low ($80.81) may push the price oil back towards $83.30 (23.6% Fibonacci retracement), with the next region of interest coming in around the monthly high ($84.52). --- Written by David Song, Strategist at FOREX.com
NYMEX:CL1!
by FOREXcom
Crude Oil hit Major Resistance, 10% Down until early AugustIn my latest analysis of the Crude Oil Futures ( NYMEX:CL1! ) market, I've identified key medium-term resistance and support levels. The resistance at $84.30 was ideal for a short position, with a trailing-stop set at $83.80 to manage risk. My target for this short position is $74.50, suggesting a significant profit potential of over 10%. Considering that most significant downtrends in oil take about 20 days, I expect the price to reach $74.50 around the end of July or early August. I also noticed consolidation zones between $82.00 and $77.00, which may cause temporary price consolidation. The medium-term support at $74.50 is crucial for considering a long position, indicating a possible upward reversal. My strategy is to short at $84.30 (already done) with a stop-loss at $83.80 (to minimize losses) and aim for a profit at $74.50, while closely monitoring the consolidation zones for any signs of price stalling or reversal. If all goes according my plan, I also might consider a long position at around $74. What is your take on OIL for the next month?
NYMEX:CL1!Short
by BTFD_
3
Crude oil retesting lower supportOn Friday morning the oil price looked finely balanced. Front-month WTI had managed to hold support around $80. But it had failed to put sufficient clear water between this level and its first major upside target of $82 per barrel. That proved to be fatal for traders looking for an immediate resumption of the bull run from early June. Crude fell back sharply on Friday afternoon, breaking support cleanly. It is weaker again this morning. This is despite the unexpected rate cut from China, together with the country’s fresh plans for reviving its economy, formally announced over the weekend. The next significant support area stretches down to $77.70 or thereabouts. If this fails to hold then a retest of the June lows around $73 increases in likelihood. That’s good news for consumers of course, and, should it then consolidate down here for a month or so, would help put more downside pressure on headline inflation. But that’s getting carried away with an imaginary narrative. For now, the daily MACD suggests that there’s a touch more downside momentum, and a retest of an area of support which held in May and June is now in progress.
ICEEUR:WBS1!
by TradeNation