Hello friends In the 3H chart we can see a main Order Block at 71.35, couple Free Value Gaps, a Triple Top and an Ascending Triangle Pattern. This is the best place to SELL Oil (unless something major in The News happens). TARGET = 72.00
Hi Price broke through a bottom line of the pattern on 1H chart. Be careful as this could be a false breakout. Price target = 70.70. Good luck to everyone.
Hi Descending Broadening wedge on 1H chart. A bullish scenario is possible if the price breaks 77.00. I will just wait and see. Good luck to everyone.
Hello Traders There is a Descending Broadening Wedge on 3H time frame which indicates a bullish trend. The odds of a breakout to the upside are at 80%, leaving only 20% odds of a break to the downside. Also we have a green CHange of CHaracter on 15min and 4H and green Break of Structure on 1H. 1D is still red CHoCH. Despite continuation or reversal, descending...
OK so, USA is not OPEC :) NOR the war. WTI is transported via the land and is THE MOST EASY/CHEAP OIL on The Planet to TRANSFORM into petrol in The Refinery. Also IT IS very light and it doesn't sink on the Water Ocean. SO,,,not only you can easily/cheaply transport it via The Sea (because it weights nothing) but also in case of CATASTROPHY and LEAKAGE to the...
Hello friends, I would like to share this quickly. On the 4H chart we can see The Ascending Broadening Wedge which would indicate going Short. Price didn't manage to breakout The Upper Boundary of the pattern twice and I truly think it’s on its way to 75.00USD/barrel area. It’s also worth to remember that Ascending Broadening Wedge does not mark the exhaustion of...
Hi there, 30M shows Double Top and 15M is pushing the ceiling. SELL and stay on SELL this week. All the best.
LuxALGO oscilator is a very good tool to make money. You just look at ALL TIME FRAMES . 1H was pushing the floor, 30m was pushing the floor. 4h was close to the floor. Technical Indicators are THE SALT OF TRADING! Like the SALT of Kite Surfing is JUMPING! We go down but NOT TODAY :)
Hi there, So WTI is now falling down possibly to 72.00. But this green CHOCH on 1D interests me the most. If I was gonna be a tooth fairy and make some predictions here from 72.00 it will go up to 90.00 just like the WHOLE TRADING VIEW COMUNITY says. The problem here was - they said it TOO EARLY. So hopefully end of February we will see 85.00 and 90.00 :) . All...
Hi WTI will go down to 75.00 from now. There is a Double Top on H4 as last time so short from now. Thank you.
Hi,,, Today I would like to talk about LONG TERM TRADE and GAPS on 1D chart for WTI (West Texas Intermediate): 1) 1D CHART is NOT for everyday trader (it's NOT for everyone - it's pretty much for MILIONAIRES) and on LuxAlgo the candles are all PURPLE ---> so nothing IMPORTANT is happening. 2) EVERY GAP MUST BE CLOSED SOONER OR LATER ---> THIS IS HOW THE MARKET...
Oil has reached the Monday Low now and hit the reversal zone we might expect SOME BUY opportunities. RED CHOCH (change of character) on 1D chart has stayed for months. But,,, I am surprised of other people analysis hoping to get 90.00 USD from Crude Oil by the end of January 2023 . This thesis of 90.00 USD produces allot of confusion and LOSS for...
Oil has reached the Monday Low now and hit the reversal zone we might expect SOME BUY opportunities. RED CHOCH (change of character) on 1D chart has stayed for months. But,,, I am surprised of other people analysis hoping to get 90.00 USD from Crude Oil by the end of January 2023 . This thesis of 90.00 USD produces allot of confusion and LOSS for...
WTI on Friday 23rd December - BUY. Target 79.70 usd.
WTI might go sideways again be prepared for SELL! before buying again. TARGET -----> 81.70usd/barrel .
OK let's try again (Long Position this time) after losing 6000GBP on Monday 19th December while going short . Newest technology says we have moved passed The Monday High and now getting closer to Equilibrium which is at 81.40USD (Equilibrium is The Middle Point between Discount and Premium Zone) . We have a green CHOCH on the 15M and 1H chart (waiting for green...
This week I'm expecting Crude Oil to go down again. By the end of February it might even go down to 45.00USD/barrel. Higher prices expected from March 2023. Thank you.