SHORT with RED UMVDGREEN BARS above RED TrapZone are Good Risk to Reward Zone forr Re-entring Short. Keep an eye on the UMVD and wait for it to Turn RED and risk one Hour Bar Stop or 2 depending
on your appetite.
WTI3! trade ideas
CRUDEOIL - REVERSAL PATTERNCrudeoil Following the down trendline,
Also Crudeoil 5 point elliot wave getting over and taking some support from demand zone.
Immediate upside levels are - 6390,6450,6520 and 6600
Do your own research before taking any trades
My view on CRUDEOIL Crudeoil taking support of symmetrical triangle trend line on 1 week time frame.
Looking support 5980-5990
Above it seeming buying opportunity
Crude Oil Technical Analysis ( 6th AUG)
Triangle pattern
Current Outlook: Consolidation
Crude oil is currently trading sideways around the 6221 support level.
Potential Scenarios:
Bullish Breakout: A sustained move above the 6245 level could signal a bullish trend, with initial resistance at 6300.
Bearish Continuation: A breakdown below the 6210 support may lead to a retest of the 6135 level.
Trader Action: Closely monitor price action for a clear breakout signal to determine the next potential move.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.
Oil (CL) Should Continue Lower to Build an Impulsive StructureShort Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave (1) ended at 72.48 and rally in wave (2) ended at 84.55. The commodity has turned lower in wave (3) with internal subdivision as another impulse in lesser degree. Down from wave (2), wave (i) ended at 83.07 and rally in wave (ii) ended at 83.45. Oil then extended lower in wave (iii) towards 81.25 and wave (iv) ended at 82.16. Final leg wave (v) ended at 80.81 which completed wave ((i)) in higher degree. Wave ((ii)) unfolded in an expanded flat structure where wave (a) ended at 83.74. Wave (b) lower ended at 80.22, and rally in wave (c) ended at 83.82 which completed wave ((ii)).
Oil has turned lower in wave ((iii)) ended at 76.40 low. The market built an expanded flat correction as wave ((iv)) finishing at 78.60 high and turned lower again. CL broke below wave ((iii)) to end wave ((v)) of 1 at 74.59 low and also we ended wave 1 of (3). Up from wave 1, the market bounce in a zig zag correction ending wave 2 at 78.88 high and starting wave 3 of (3) to the downside. After 5 swings lower, wave ((i)) of 3 completed at 71.67 low and currently we are calling 3 swings higher to end wave ((ii)) pullback before resuming lower. Therefore, we expect further downside to complete wave ((iii)) of 3. Near term, as far as pivot at 78.88 high stays intact, expect rallies to fail in 3, 7, or 11 swing for further downside.
Crude Oil with Wyckoff accumulation patterns in the backgroundSeems like market is changing the behavior. Wyckoff Volume Wave Chart indicator shows lack of further supply and shows big guys stepping in the market.
crude oil updatecrude almost make new low near double bottom noe styaa bv 6130 looks up side till 63-6500 buy on dips sl with 6045
Gold ES8 4 24 in this video I spend more time showing the significance of expansion because an expanded Market has different trade locations then a market that is not expanding. the chances are you won't see expanding markets until you learn what they look like and make the commitment to work with it to see if it's something that will help you.
8.3.2024 Oil Weekend Pre Market AnalysisIt's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading.
We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it..
Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target analysis. Then dialing it down to the 3 minute or 15 minute to look for an entry!
Crude Steps and Forces- all rectangles are potential support/resistance with the last one blue being a probable exception
- the 3 marked with dots levels can also become support/resistance, especially the first bottom blueish one, but they can also become like milestones levels or steps in the evolution of the price
- the 2 green curves are also potential support/resistance acting as forces pushing the price up or down
This snapshot considers the bullish scenario where the price remains above 66, with potential reversal patterns to occur near the red rectangle zone.
CrudeoilM1! ShortThis is Crudeoil Short Trade;
In This Trade you Clearly looks for "Mother Setup" - (Trend+Momentum+PriceAction+Strength)
How i Identify this Trade:
First of All, I look in 125 min chart:
This is a Sync of Strength + Trend(Long&Short), Then Can be Bullish or Then can be Bearish;
after that, If I Find a Good Sync of Strength + Long Trend + Short Trend (in this Case, We find Bearish)
then, i Go for Smaller TimeFrame(15min):
in Smaller Chart, There Should be a Same Sync as in Long TimeFrame;
means(in this Trade) --> Both the Clouds are Bearish and Strength is Also Bearish in Table
How i Plan the Trades:
For Execution: first of All i plot Pivots of All Time Frame; like Traditional(Auto, Daily, Weekly, Monthly) + Fibbonaci(Auto, Daily, Weekly, Monthly) then i mark all the levels near price;
we can also use Fibbonacci Retracements or Extensions for finding levels
After Major Breakdown i Enter to the Trade(Bearish Trade) with BgRainbowMomentum ;
After Major BreakOut i Enter to the Trade(Bullish Trade) with BgRainbowMomentum ;
Targets are Major Levels;
Sl will be Last 3 Candles(Entry candle+2nd last+3rd Last) Highest point of Entry Candle(Bearish trade)
This i Very Simple and Quite Good Setup to Trade; because there are All the Keys to Success:
Trend + Momentum + PriceAction + Strength
Crude Oil LongTriangle pattern. When it breaks out of the triangle it will make a big move to which ever side it breaks. I am bullish on crude and my play is that it breaks upwards.
Disclaimer: I have long positions in crude.
CRUDEOIL - INTRADAY SETUP - AUG 2ndTechnical Analysis: Crude Oil (1-Hour Timeframe)
Short-Term Outlook: Bearish
Trade Setup:
Entry: Below 6410
Target: 6360
Stop Loss: 6436
Rationale:
The price is currently below the crucial level of 6410. A break below this level suggests a potential bearish trend. The target of 6360 represents a potential downside move. However, if the price moves above 6436, it invalidates the bearish setup.
Risk Management:
The stop loss at 6436 is placed to limit potential losses if the market moves against the trade.
Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
IF THIS WILL HELP YOU PLEASE LIKE THE POST
Thursday Climb Crude Oil As this week has been short term Bullish I am looking for continuation today.
At around NY open I would like to head down into the 1hr FVG and then show signs it wants to move higher towards the BSL that is marked
WEEKLY FOREX FORECAST July 29-AUG 2: OIL INDICES GOLD SILVERThis is Part 1 of the Weekly Forex Forecast JuLY 22 - 26th
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
QM BreakoutQM is up big on the session, likely due to war news regarding Iran and Israel. This could lead to a sustained breakout, but it is stalling now at previous highs. I'll be watching things like this, silver, and other commodities if the war escalation continues.
