Hello Traders, Here is a quick and simple analyses on OIL, that made an Bear Trap on important Support level, and we consider traps the most important indication of price action for decision making in trading. We belive the price has a chance to test the next important resistance level. Please support this publication with your like. You are welcome to follow us...
Pattern: Channel Down on 4H. Signal: Bullish if the Lower High trend line of the pattern breaks as the RSI is already on a bullish divergence similar to November. Target: 1585 (symmetrical Resistance).
Pattern: Parabolic rise on 1D. Signal: Bullish as after the parabola broke down, the price reached the Support getting rejected on the 6-month RSI Resistance Zone. Target: 1640.
I'm late knowing that silver. Because I had to see the trend line break in the daily. So the risk / reward ratio has fallen but this trade can be much more profitable in lower time -frames . I'll look them too. Parameters : Position Size : %1 Risk/Reward Ratio : 1 / 1.36 Stop-Loss : 16.85 Goal : 18.742
1) Short-term uptrend, candles above MA (9) and price within the short-term upward channel. 2) Waiting for the price to reach the 38.2% level of the fibonacci and touch the top of the long-term bearish channel. 3) Possible crossing of MA (9) at that time, which would confirm the trend and validity of the long-term bearish channel. 4) Stochastic in positive zone...
1) Possible short-term downtrend to continue closing candles below MA (9). 2) Possible continuation of the price at the lower level of the bullish channel, after rebound at level 61.8% of the fibonacci. 3) Possible breakdown of the 78.6% level of fibonacci with large bearish sail. 4) Stochastic in positive zone and with bearish direction. Setup: Entry = 60.33 SL=...
Pattern: Channel Up on 1D (blue channel). Signal: Bullish as the price is rebounding on the Higher Low. Target: 1485 (Lower High of 1W Channel Down). * Observe the 1D RSI, if it breaks above its Channel Down we may have a bullish break out of the 1W Channel Down. Basically is the Green Triangle breaks, it justifies a push towards the Resistance Zone.
Pattern: 1D Channel Up. Signal: Bullish as the price broke the 58.80 Symmetrical Resistance, which (excluding the Saudi attack on September 16th) has been holding since July. Target: 61.00 (1st 1W Resistance) and if the Lower High trend line (red bold) of the Descending Triangle breaks, 63.50 (2nd 1W Resistance). See how accurate the 1W Descending Triangle has...
Pattern: Channel Up on 1M. Signal: Bullish as the price is approaching the Higher Low zone of the pattern. Target: 950 (below the 1D Resistance) and 990 (below the 1W Resistance).
Pattern: Channel Up on 1D. Signal: Bullish as long as the 2.6000 level holds (Higher Low lim). Target: 2.8000 (1W Resistance).
Corn has been consolidating recently following the 402 peak on 1D (RSI = 54.610, STOCH = 53.472, MACD = 0.760, ADX = 18.642) after the September Death Cross. A similar candle sequence took place in August 2018, when after a 1D Death Cross (MA50 under MA200) and a market Top, the price made a new Low (Higher Low on 1W). Since the RSI is on the same zone as then,...
Gold is testing the upper range boundary. Resistance above comes in for of 1500 handle and 4hr bollinger band. We are looking at short entries from around 1494.00.
Pattern: 1D Channel Down. Signal: Bearish after the price was rejected on a nearly symmetrical Lower High on successive rejections. Target: 1453 (former High).
Pattern: Channel Down on 1D. Signal: Bearish as it is approaching the Lower High of the Channel. Target: 1453 (former High).
CLJ2020-CLZ2020 Very interesting this spread between the two Crude Oil Futures, in which a lower level was broken where the value was tested several times, and at the same time was broken the next level that was also tested several times in the past months. We try to take the order with one of the many oscillations that occur on this type of trading and place the...
Pattern: Emerging Channel Down on 1D. Signal: Bearish after a Death Cross has been formed on 4H. Target: 1485 (1D Support) and 1465 (Channel Down Lower Low) in extension.
Pattern: Channel Down on 1D. Signal: Bearish as the price was rejected on the Lower High. Target: 2.155 (the previous Lower Low and current Support). Extension can be made to 2.000 for risk seekers.
Gold (XAU/USD), Weekly chart: Powerful resistance zone + "Shooting Star" candle pattern on big volumes + Overbought on RSI(14)