USOIL Symmetrical wave completed,but long-term trend is bearish.The fighting spirit aroused by the first roll of drums is depleted by the second and exhausted by the third.
Just a retracement,long-term trend is bearish.
NONREPORTABLE INTEREST CHANGE: Long positions:9576 Short positions:-772 Net positions:10348 Individual investor are still go long.........
FIB resistance:31.32.MA5 resistance:31.75.Important resistance:32.1.As shown in the chart,this is the ideal trend,but the market will always give us an additional test.My plan is short@31.3&31.8,sl:32.3,tp:29.3.
This is an interesting Fib retracement.Now,RSI is Oversold&bullish divergence,my plan is short@32.00,sl:32.4,tp:29.5.
As shown in the chart;,the same angle&same price range&same bars range in the down trend.Seem history repeat itself.Bearish shooting start may give bears reason&give me confidence.
The long positions +5895,,the short positions -2228,the net positions +8123. Individual investor are still go long,that is enough to explain usoil market short-term trend is bearish.
If the price break below 32.7,bulls will die.Get ready for the usoil market collapse.
Fib retracement is a good resistance,that's just what I need.In daytrade, they are very effective.
USOIL 240MIN symmetrical wave completed&potential bullish bat pattern.
XAUUSD short term trend is bearish.My plan is short@1069,SL:1072,TP:1058.
USOIL potential double bottom&bear divergence,wait for a clear break then go long.
This is just an analysis.Look for shorting opportunites near the resistance line.
Go short the Risk/Reward is quite good!Respect resistance line.
XAGUSD potential bearish gartley pattern&double top.My plan is short@14.26@14.48,TP:14.05,SL:14.65
XAUUSD 240MIN potential gartly pattern