FibSavvy

FibSavvy

We can see a Tweezer Top was formed on the 30min chart which caused a slide to the downside. Therefore GOLD is forming a HEAD-AND-SHOULDERS. We need to get a close above the 50% FIB Extension for not that right shoulder to be created to continue back up. Because it seems like at that 50%(1985.89) has become a resistance level. If it keeps rejecting that 50% FIB...

FibSavvy

Yesterday I sent a chart out like this stating XAUUSD-Gold was going long that the look of the chart is understood that dont need to be explained. Go back and check out the chart from yesterday. So I hope you traders caught Gold on that nice run up because I know I did. Well I hope you traders stay wise and trade smart not hard. More analysis on the way

FibSavvy

Had to repost it. I hope you guys can see it a lil better now. ''Whats understood dont need to be explained 🧐. Just pay attention to the chart and trade carefully 😎''...Have a bless upcoming trading week traders

FibSavvy

We need to see USOIL not fall below that demand zone and break above AND hold that 50% FIB Level Of Resistance. Then we can see a lil bullish run to at least 83.81 or higher. But If it dont maintain that demand zone by not staying above it then we can decline some more....Keep wise traders and trade patiently. Have a bless trading upcoming week

FibSavvy

Whats understood dont need to be explained 🧐. Just pay attention to the chart and trade carefully 😎...Have a bless upcoming trading week traders

FibSavvy Updated 

I am keeping a 👀 on that left shoulder and trading wisely🧐

FibSavvy

Plain as simple. This have come to a bearish momentum where we see price is weakening to push higher. It has now formed a BEAR FLAG where price is about to tank to demand zones at 78.78, 78.60 & 78.30. (Might can even go lower to 77.82) then it will push higher back to and above 80.58. So right now I believe price is just trying to trick traders into thinking that...

FibSavvy

Could Crude Oil be forming a DOUBLE BOTTOM? This could be a rally to 79.35 breaking the 79.25 high. Need to break above that 20MA and hold with a full body green candle then rocket we go.

FibSavvy

According to the 4hr chart we see that it has now produced a RISING WEDGE(see pink trend lines). Therefore price could possibly fall to 69.18-68.70 or lower(see yellow arrow). So watch out for fake breakouts to the upside. Remember 70.83 could be a STRONG resistance

FibSavvy

Crude oil have created a bullish flag(see purple trend lines). We can see a massive break out soon. We also have an order block from 72.00-72.19(see order block area). So I believe if price do pull back, it will not go pass that order block area, which it may fill and consolidate thruogh the purple trend lines until the bull flag is complete. If so we can see a...

FibSavvy

Back On JUNE 17, 2023 I Posted that if CRUDE USOiL do not hold above 71.95, we can expect a major pull back to 69.90-68.60 (SEE POST BACK ON 6.17.2023). Plus I stated that it was forming a bear flag on the 4hr chart which indicated that price had to drop to finish producing the bear flag. Therefore price fail to hold above 71.95 this morning and dropped to 69.75...

FibSavvy

According to the 4hr chart the orange tread lines shows that price is forming a bearish flag pattern. Yes. It is also showing multible cup and handle patterens on the up-trend. But doing that up-trend right now its losing buying pressure. So would this be the end of the up-trend for now? It need to hold above 71.95 to be consider as a continue bull market. But If...