CFDs on Crude Oil (WTI) USOIL

Pattern: Inverse Head and Shoulders on 1D. Signal: Essentially sideways trading for 1 week with 2 buy signals and 1 sell. Targets: As illustrated on the chart. Long TP 52.80, 54.10 and Short TP 50.50.

Levels as described on the chart

Crude oil could be nearing the end of a corrective B wave. Price just touched the 0.5 extension at 52,51 for what could be wave 5 of C of B but could also touch the 0.618 extension at 52,70. A drop below 51,31 would go some way to validating this idea as it rules out what could be an impulsive 5 move upwards.

Potential correction theorized earlier maybe be part of a larger wave 4 to .382 or .5 level, followed by wave 5 to 55 or so >

Seemingly there is another fading short setup coming up. The chart is self-explanatory, the levels are given and for now the only thing left to do is wait until the major bear angle is reached and look for an entry with a price action confirmation.

scalp

The H4 Stoch is slightly in the overbought area. EIA results today may give the needed push to break over the resistance area .

entry , stoploss target like image

Just for my educational use purpose only. no signal. do not enter by my chart. If you have any suggestion I am open to you. Thank you

Using wave analysis, possible future structure are: 1- ABDCE corrective pattern in progress or 2 - ABC corrective pattern complete and impulsive wave pattern in progress. Trade wisely.

continues to trade bullish. I think this pattern is some form of bullish continuation. May turn into cup and handle but I don't like the r/r of longing here right near local highs. Something to watch, though

Cup

buy if breach 51.5 target 56.1

We are currently in a Bullish Wedge which means I expect a breakout to continue the Uptrend somewhere this week.

READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted ...

READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted ...

OIL 4H Short Plan: Price make Bearish Engulfing at 53.00 level Break Channel as well Sell the pull back in between 52.20-52.50 Aim 49.80

This is an update of my oil call from a few weeks ago where I suggested an inverse head and shoulders pattern might turn oil around. I believe that the current fundamental environment for oil is favorable so I would not like to fight the trend on any long term basis, but I do believe we can make a quick trade as oil runs into overhead trendline resistance on the ...