On H4, the price is above ichimoku cloud and testing the buy entry, with the price crossing the descending trendline, we have a bullish bias that the price may rise from the buy entry at 95.650, which is in line with the overlap support to the take profit at 105.142, where the swing high is. Alternatively, the price may drop to the stop loss at 89.971, where the...
On H4, the price is above ichimoku cloud and testing the buy entry, with the price crossing the descending trendline, we have a bullish bias that the price may rise from the buy entry at 93.901, which is in line with the overlap support to the take profit at 105.142, where the swing high is. Alternatively, the price may drop to the stop loss at 89.971, where the...
The price perfectly fulfills my last idea and it went down from the major resistance. Price broke through the descending channel and after a double top at resistance, the price bounced off the global trendline and resistance zone . If the price makes a fake break at resistance, then I expect the price to fall to the support level because trend is overall is...
UKOIL is trading in the descending channel .
The price action tested the resistance several times before that acted as support/resistance .
The market bounced off from the upper border of the channel and resistance, which is a confluence zone.
Price action created range at the resistance and we expect break and closed below it.
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On H4, the price is above ichimoku cloud and testing the buy entry, with the price crossing the descending trendline, we have a bullish bias that the price may rise from the buy entry at 95.650, which is in line with the overlap support to the take profit at 105.142, where the swing high is. Alternatively, the price may drop to the stop loss at 89.971, where the...
On H4, the price is above ichimoku cloud and retesting the buy entry, with the price crossing the descending trendline, we have a bullish bias that the price may rise from the buy entry at 93.491, which is in line with the 38.2% fibonacci retracement and overlap support to the take profit at 103.154, where the overlap resistance is. Alternatively, the price may...
UK oil
The price touched 92.824 and then pushed up to again
but if break 92.82 and can stable under it then will drop to 89.222
and even the price above the red zone the target will be 96.25 and 98.70
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by the condition 4h candle
On H4, with the price moving above the ichimoku cloud and crossing the descending trendline, we have a bullish bias that the price may rise from the buy entry at 93.491, which is in line with the 38.2% fibonacci retracement and overlap support to the take profit at 103.154, where the overlap resistance is. Alternatively, the price may drop to the stop loss...
A price action below 97.25 supports a bearish trend direction.
Crossing above this level will negate the bearish stance.
Further bearish trend support below 95.30.
Consolidation range between 92.00 to 95.50.
Crossing below the 92.00 support will assist the bearish trend to target 88.50.
Crossing above 95.50 will be the first sign of strength returing.
The price...
BLACKBULL:BRENT OUTLOOK and levels 🛢️
1. Long setup on golden fib + 50dma + wedge.
2. Short if broken below.
* Only TA. Disregards any agreements of fundamentals such as potential pending Saudi agreements, cuts, or alternatives.
