Bearish Divergence on RSI Resistance with a tweezer top Candle stick pattern possible short position with a tight stop loss just above the HH
I think oil will reject this area to potentially come down, make a higher low or continue the downtrend. It has just retested previous broken support
Hello traders, according to my graphical analysis of ukoil , i prospect an upward trend . thank you for watching the analysis, it will be great when you support it with a like, follow me for more market analysis .
Oils going back up to $114, then probably (hopefully lol) going back down to around $85/90. Probably our geopolitical unrest might not go on for too long based on this chart. Hopefully all ends well for as many people as possible.
Based on the macro wavemap for UKOIL, its fairly safe to assume that the value of this commodity will increase by 396% over the next 4 to 5 years. Seemingly in a Flat corrective wave, the new all-time high near $324 should send price to retest the $60 range (at the highest).
A nice double Top formed in a resistant level Price showing Strong downside momentum Looking for a nice Flag pattern for trend continuing short
TVC:USOIL buy us oil form 60 tp 150 long term TVC:USOIL
UKOIL broke out of the ascending channel. The price tested the psychological and resistance level of $85.00, then dropped. The market formed a box after a bearish trend, and it may create a potential AB=CD pattern. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for...
●● Preferred count ● CFDs on Brent Crude Oil (TVC) , 🕐TF: 1M Fig.1 The three-wave movement within the framework of wave III of (V) is not completed. The minimum target is the same — to exceed the wavelength of wave II , which will lead to a rise in the price to $ 150+ . The subsequent wave IV will return the price to the current...
a Short position in brent is found based on power and pressures tp and sl are shown on chart
a sell position in brent is found based on level, tp and sl are shown on chart.
Brent focast. I am not married to this idea. What is your idea trader?
UK Oil/Brent As we can see price is going down in descending channel. Bearish divergence is formed and signalling for lower targets. I will expect to reach region of $69 by the end of March and area of $57 by June/July. Let me know what you think!?
Trend is bearish. After calculating LH and LL. See below Trade Price: 78.012 Stop Loss: 78.800
Potential higher low and ascending triangle. Give me a follow check out my youtube
Now I know it it's symmetrical i hate those two. Yes, I know oil looks like it's setting up for an ascending triangle on the 4H. But I think it's due a medium time frame rejection from this region. If it wants to put in a higher low on the daily maybe we will have to see. For this play, i reckon try to catch a wick up.
Brent oil, which has been in a downtrend for weeks, will break the trend if it closes this day above $86. If it continues this movement with volume, the target of $ 98 will be valid. As long as it stays above the $84 support, the positive outlook will continue.