akenii

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akenii akenii UKOIL, D, Long , 3 months ago
UKOIL: Potential Upside in Brent Crude Oil (Cont'd)
63 0 1
UKOIL, D Long
Potential Upside in Brent Crude Oil (Cont'd)

Continuation from previous post, and adopting @pipizer feedback in the comments: 1. The past few days has saw a drop in the price mainly due to reports on OPEC output in October reached an all-time high. This lead to a further decrease which finally complete the Cypher Pattern. 2. A reversal candle (hammer) was formed the following day (14 Nov) with a long tail ...

akenii akenii UKOIL, D, Long , 3 months ago
UKOIL: Potential Upside in Brent Crude Oil
142 2 3
UKOIL, D Long
Potential Upside in Brent Crude Oil

My first trading idea, here to learn from the experts, please give feedback on this idea. Several Signals I have identified: 1. Cypher Pattern has confirmed potential reversal zone 2. A support level at 45.48 area is forming 3. Still in an long term upward trend 4. Catalyst moving it up would rely on upcoming OPEC deal on production cut What to do now? Wait for ...

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