Apply these SMA Indicators on your chart - 50 - 100 - 200
Step #1: Wait for the 50-day EMA to cross below the 100-day EMA. The two moving averages also need to converge with the price action.
If we get the crossover of the 50-day MA (blue line) and 100-day MA (orange line) at the same time the price is testing those moving averages, that’s the best-case situation ...
NYSE:WTI
Minimum 14% Potential
EMA (15) - Yes!
SMA (180) - Yes!
MacD - Yes!
RSI - Yes!
Obey a 1% Stop Loss, Buy at the next pullback, trail it :)
Absolute no-brainer
had to longed it from this last base, since i got stoped out a base before. right I a good entry point also, dont have any more cash to add to current position left tho haha. hold this. enjoy :cocktail:
Past base idea:
I just want to advice vigilant of the current general market levels, since we dont seem to break out past 2 resistance levels, and even if we break we stil facing resistance near this levels. Stil this is a good set up, might do something near term, also got me some.
I remain bullish on offshore drilling and services. They have been in long term bear slide. But they have begun to rise on much increased volume. A .236- .382 retraction seems reasonable to me long term. These levels also appear to at expected resistance levels.
Process your way.
4/24/2018-
On our weekly chart we can see that wti has been on a bullish trend pattern targeting the resistant point and can be confirmed by the 200EMA. This can be a good sign for USD/CAD since it has a 80% correlation for this currency. A buy setup can be executed here
The key characteristics used to identify the Harmonic Crab pattern are as follows::
AB leg can retrace anywhere between 38.2% up to 61.8%
BC can retrace 38.2% – 88.6% of AB leg
CD is an extension of up to 161.8% of XA leg and is also an extension of 224% – 316% of the AB leg
After the crab pattern is established, traders can take their positions at or from point ...
The key characteristics used to identify the Harmonic Crab pattern are as follows:
AB leg can retrace anywhere between 38.2% up to 61.8%
BC can retrace 38.2% – 88.6% of AB leg
CD is an extension of up to 161.8% of XA leg and is also an extension of 224% – 316% of the AB leg
After the crab pattern is established, traders can take their positions at or from point D ...
The key characteristics used to identify the Harmonic Crab pattern are as follows:
AB leg can retrace anywhere between 38.2% up to 61.8%
BC can retrace 38.2% – 88.6% of AB leg
CD is an extension of up to 161.8% of XA leg and is also an extension of 224% – 316% of the AB leg
After the crab pattern is established, traders can take their positions at or from point D ...
Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times. Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.
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NYSE:WTI
