Crude Oil - Elliott Wave Count
Based on the current market trends, it appears that there is a bearish sentiment prevailing. As a result, it is likely that we may witness a decline in the value of the asset to 85 or below. It is important to note that we have set our stop loss at today's high, which means that if the price breaks above this level, we will exit the...
update
BUY USOIL NOW ✅
STOP LOSS : 85.93
TAKE PROFIT : take profit will be when the trend comes to an end and will be shared with my vip members .
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
WTI Crude Oil is on a neutral technical outlook on the 1D timeframe (RSI = 54.002, MACD = 0.110, ADX = 20.935), naturally so as it is ranged between the 1D MA50 and 0.618 Fibonacci level for the past four days.
The MACD now formed a Bullish Cross, which gives an edge to buying but only if the 0.618 Fibonacci level breaks. A similar fractal in May-June offered...
The week concluded with crude prices surging by a staggering 7%, leaving investors on edge as the Middle East crisis intensified. Israel's announcement of a ground assault on Gaza propelled the region into a new phase of heightened tensions, further fueling market uncertainty. As we look ahead to the coming week, two pivotal factors will shape the direction of oil...
USOIL playing out perfectly according to my previous analysis (linked below)
If you managed to capitalise on this setup I am moving my SL to entry price now securing partial profits and holding the remainder risk free remember J.Powell is speaking later today.
stoplose : 85.35
entry : 86.01
tp 1 : 88.37
tp2 : 89.13
note :any help or question just send write comment to help you
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Looking for a sweep of Asian lows before continuing the higher TF liquidity. This move is a copy of my trade I took yesterday, Care full because Powel speech may cause unexpected volatility. Yellow resistance indicated by trend line need to be respected for this to properly play out. trade safe
Crude oil - Elliott Wave Count
Certainly, here is the rewritten text:
Based on market analysis, it appears that crude oil is currently undergoing a triangle correction of wave B, with a projected target range of $89.5. Once the wave B correction is complete, wave C is expected to decline all the way to the $75 range. In light of this, we recommend refraining...
So as you can see Oil faced support at the previous low to fill the gap subsequently the previous high couldn't as resistance hence Oil breaking it so those mini sells are like a retracement a break and retest for market to rally up again which the next level is 90.00
Market analysis
In the last post, we talked about the US crude oil market maintaining the price of crude oil to a certain extent, but the impact of the conflict in Pakistan on the crude oil market completely covers other market conflicts, and crude oil is bound to rise.
Technical analysis
After crude oil rose to 88.3, the short side gradually took over the main...
USOIL is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 89.
What you guys think of this idea ?
WTI oil (USOUSD) is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 88.108
Why we like it:
There is an overlap support level that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 86.519
Why we like it:
There is an overlap support that aligns with the 50.0% Fibonacci...
If price drops to the level marked on the chart, it might give possible buy entries to level 91.00 and even more.
Right now am watching to see how price behave. If they retrace and give a buy confirmation, I ride.
I´m expecting that WTI will fall further to 81. Today is Friday, so Im expecting TP period before weekend and war is already priced in. You can enter now at current market proce 84,10 and target the green lines. If any of 1H candles closes above the SL cutloss your trade. Size your position logically. Wish you good luck.
Short term sell signal from level 88.8s level to 86.8s level.
This due to an order block on the 4hr coupled with lower timeframe setup.
If price fails to sell at this level and closes above it, then the supply zone will change into demand zone for possible buy entries.
wti us oil is bullish.
I was thinking about the head and shoulder pattern but I miscaculated.
It didn't make the perfect H&S pattern yet!!!
How?
okay...so the inflation is rising currently due to chinese re-opening.
This is awesome for the oil demand.
Let's catch this bull trend for short term for now.
My target is until 88 dollar.
Bullish trade on the USOIL, I want to see 90 tomorrow. I expect the price go higher and fast, in order to get buyside liquidity located on the highs near the 90 level.
