Bearish Butterfly has almost formed on 4H timeframe in US OIL. It has formed between two key levels of 54.14 and 50. I will wait for the price action at the approach to the key level of 54.14. Possible fake breakout of 54.14 might start strong downmove. It will also be complimented by that butterfly formed with the ideal D point of 1.27XA.
Bullish Bat has formed in Natural Gas. This post is for educational purposes only.
Possible Cup and Handle forming on 4hrs US Oil.
US OIL Struggles big time at 47 resistance point. IF H4 Close below - I will open sell.
This is just a play with the ideas for my personal use and for my future reference. There is no financial or investment advice in that post. Oil has been in uptrend until 2008. 2008 was the turning point, together with the expansion of the shale industry that had forced the oil into the downtrend. \u2028Given current fundamental factors such as renewable...
AUDUSD Shows us some pretty construction. Perhaps it is time to go and enjoy the holidays ;-) Merry Xmas and Happy New Year everyone.
Oil has finally made a move. Potential large downward move as we have lack of any fundamental supporting factors. Wait for rebound to 50 and go short.
OIL seems to be the range bound in the last weeks. Last days it moves between 50.8, and 52.8 The news of the deal failed to start upward move. Awaiting the continuation of the short trend once the price will fix below 50.8. Meanwhile we can continue to scalp it between 50.8 and 52.8 - Oil can be stuck range bound for weeks. Any comments & suggestions about oil...