After many touches of USOIL and followed by rejection, the resistance level above 80.45 actually proved to be strong. Having created micro double top at the resistance level, USOIL is likely ready to re-test its support level. N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and...
✅CRUDE OIL went up to retest a horizontal resistance level Which makes me locally bearish biased And I think that a move down From the level is to be expected Towards the target below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The outlook for USOIL remains unchanged. The price seems to have completed waves (i) and (ii) and is ready for powerful wave (iii) down. See the below chart for miniscule waves count Those who follow me know that I have been bearish since November and while being right about the direction I recycled a lot of charts and counts. Here the weakest point is wave ...
We saw price come up near the supply zone multiple times this week but fail to close above or even inside of it. Most of my analysis is already on the charts. Do note that there is a minor demand zone around the 76.50 level, not drawn on the charts, where we may see a bounce. This could be a TP1 for some traders and I would likely move my stop near this level if...
#USOIL #ShaneElliottWave USOIL || 1D Chart analysis || Main wave count || 29 Jan, 2023 (UTC+7) Hello traders, That's my wave count for: USOIL Timeframe Analysis: 1D Expect Main Elliott Mode: Corrective Expect Main Structure: Zigzag Position: Third wave (pink or light red- minute degree)
another head and shoulder pattern is seen on four hour time frame which is against its similar head and shoulder pattern in daily time frame as depicted in my below analysis if this pattern confirmed downward move toward 76$ is probable . please see my previous analysis The West Texas Intermediate Crude Oil market initially rallied during the day on Friday but...
With NFP being released this week Friday, WTI has yet again maintained a strong supply level at 81.87, this take us back to the monthly time frame where there’s been more buying pressure and shift of sellers momentum on the weekly time frame. If 79.50 holds as a solid resistance, we could see price fall towards 78.10-77.43 range where I would anticipate a buying...
Looking at the H4 chart, my overall bias for USOIL is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 80.22, where the 38.2% Fibonacci line is. Stop loss will be at 82.44, where the recent high is. Take profit will be at 77.90, where the 50% Fibonacci line and support is. Any...
It's support by moving and middle of channel. To the top of channel.
Hello,Traders! USOIL is making a pullback From the horizontal resistance And I am somewhat bearish Biased so a move down Is to be expected Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
USOIL - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short USOIL Entry - 79.415 Stop - 81.112 Take - 76.845 Our Risk - 1% Start protection of your profits from higher levels. ❤️ Please, support our work with like & comment! ❤️
My Dear Friends , The demand is clearly higher than supply here, therefore: BIAS: Bearish ENTRY: 79.410 TARGET: 77.398 ——————————— WISH YOU ALL LUCK
Crude Oil broke and closed below a support line of a rising wedge pattern on 4H. Taking into consideration that the market has recently reached a solid supply area, probabilities are high that the market will keep falling. Goals: 78.3 / 77.4 ❤️Please, support my work with like, thank you!❤️
Multiple time frame analysis on WTI Crude Oil. Price action & key levels. Trading recommendations & potential scenarios. ❤️Please, support this video with like and comment!❤️
Oil is on its way to once again visit the $80.00 level, and if the bullish impulse continues, we could climb to the $85.00 level.
looking for oil to retrace from Elliott wave 3 down, and reject upside breakout from the bear flag is forming.. small bounce to 82.5 follow by sell off from 3rd wave down
It is very difficult to maintain a bearish view holding shorts with such price spikes in the markets. Especially it is difficult when people I learnt from post outright bullish projections. Nevertherless, wave (ii) I anticipated yesterday seems complete and I am looking for abrupt decline.
Sellers are dominant. Take a sip of tea and enjoy.