Dear FRIEND, I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones. As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal...
Its Break the Potential Reversal Zone and now moving Forward, After Some down its made its Correction and then its will go Up and Made Bullish flag it there is no Divergence. Enjoy Profit and Don't follow me or Hired me😁
BRENT CRUDE DAILY CHART Ellipse breakdown @ 72.500 MOB @ 63-60 Crude has witnessed a breakdown @ 82.955 marked by orange ellipse & hit target @ 72.871 as marked by red ellipse. A break below red ellipse will open MOB @ 63-60 levels. Its only an observation & not any suggestion or recommendation.
Mid-term Brent oil analysis There is a possibility that the market will enter an upward ABC correction wave The main support range is $75,000 The target range is $84,000
UKOIL rebounded from the support level. Price decelerated while approaching the support level. The market has reached a significant level on the daily chart, so it makes sense to buy the market. We expect a bullish move to potentially break out of the descending channel. ------------------- Share your opinion in the comments and support the idea with like....
TA normally considers a trend to be active until there’s evidence that it has ended, so further losses seem to be possible for oil in the medium term. However, the price recently made a higher low and doesn’t show any sign of buying or selling saturation. The main dynamic resistance in the short term which might cap gains is the 50 SMA around $80, also a...
We've all seen how oil reacted to the beginning of the Israeli-Palestinian conflict. I am sure that this conflict will not settle down quickly and will only increase. The conflict will involve other players in the region - Emen is proof of this fact. How will oil react to this? The suspension of supplies and other problems with oil supplies will provoke demand...
Uk Oil good support return to around $100. oil can hold support, so return to $100 as FED hold interest rate un change.
Pivot 76.90 Our preference Short positions below 76.90 with targets at 75.10 & 74.70 in extension. Alternative scenario Above 76.90 look for further upside with 77.60 & 78.20 as targets. Comment As long as 76.90 is resistance, likely decline to 75.10. Supports and resistances 78.20 77.60 76.90 75.81 Last 75.10 74.70 74.00 Number of asterisks...
Hello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
In the four-hour time frame, due to the slowing down of the upward movement momentum of the price and the decrease in the strength of the buying pressure, if the range of 79.0 units is broken downwards and the price leaves the upward trend, there is a possibility of the price falling to the range of 77.7 and in the case of the strength of the range of 76.0...
Recent trend in the oil price has turned bullish and I'm looking for a continuation of that bullish momentum. Looking for price to test 61.8% fib level and previous demand zone. Will look for consolidation and signs the short term bearish move has come to an end to enter a long position.
Looking for a break and hold above the descending wedge and take a long for a 2-1 risk ratio.
After the holidays, looks like Oil is taking a dip. Taking a quick scalp down to the $79 range
Financial markets are experiencing a traditional decline in trading activity associated with the holiday period. Notable events: → the S&P-500 and NASDAQ-100 stock indices updated their maximum for the year after the holiday Monday, thereby confirming the idea that the decline on Wednesday, September 20, was in the nature of a correction. Santa and his rally do...
#Brent crude oil - H1 📣 Based on the chart structure in the 1-hour timeframe, with the breakout of the resistance-turned-support level zone around 76.93, it is possible to initiate a sell position with a target of 73.80. ⛔ Stop Loss: 79.40 On the other hand, with the break of the range at 79.40, a price growth towards the range of 82.20 can be anticipated. ⛔...
Pivot 80.10 Our preference Long positions above 80.10 with targets at 81.70 & 82.50 in extension. Alternative scenario Below 80.10 look for further downside with 79.60 & 78.80 as targets. Comment The RSI is above its neutrality area at 50%. Supports and resistances 83.20 82.50 81.70 80.97 Last 80.10 79.60 78.80 Number of asterisks represents the...
Price broke last high once again and is still pushing for new highs. expect some sort of reversion by thursday to then clear last high and make a new one.