2025/01/21
Daily 4XSetUps - 4th Bearish Trading Day In A Row In UKOIL
“the long-term bearish trend is still broken - which is bullish!
a break on the other hand is bearish? for weeks? for months?”
The price action in
DXY has likely fallen for the reasons described in “Another 48h - DXY Is Currently Testing Intraday Uptrend”, today. Unless? I don't know any better! Like in the 
UKOIL price action? I don't know that either! In any case, it can now actually happen that the DXY falls, as my friend CFD Online Broker analyst said it - although he doesn't like Trump, i like Trump, even i like him. There may still be a lot of room, a lot of expectations in the price action of the DXY and/or also the 
US10Y US Yield Curve. Which in turn means that if the tariffs don't come, interest rates don't stay as high, the price action can come down in both cases. Which could then support the stock market to trigger a new bullish wave, in the form of price action. Even the WallStreet 
SP500 DJIA and/or especially the Magnificent 7 
GOOG 
AMZN 
AAPL 
MSFT 
META 
NVDA 
TSLA from the 
NDX are overvalued in historical content. Because if the creditors of the USA continue to give credit despite the current high level of debt in the US budget - even in the form of new debts, thanks to the US yield curve - they can continue to buy imports and still stay or go further into debt incl. a deficit trade balance - and the party in isolated price actions on the financial market continues! Which one? That would have to be analyzed elsewhere, evaluated, and then decided: long, short, nothing to do! Even like in this long UKOIL 4XSetUps. And/Or also in the old new 4X Setups - before I closed with fear in December 2024 for the reasons described today. But more on that in the Daily 4XSetUps next days.“Don’t just pay attention to your job; pay attention to how your job will be done if you are no longer around.”
Ray Dalio
$92.14 : 2024/04/12 - Annual High 2024
$87.92 : 2024/07/05 - 1st Highest High After AH 2024
$82.35 : 2024/08/12 - 2nd Highest High After AH 2024
$81.12 : 2024/10/07 - Bullish Intraday High +3.89%
$80.43 : 2025/01/12 - This Weekend Opening
$79.95 : 2025/01/10 - Last Weekend Closing
$79.07 : 2025/01/21 - last price action
$76.41 : 2024/10/08 - Bearish Low Of -4.51%
$76.08 : 2024/11/05 - November 2024 High
$74.85 : 2024/12/31 - December 2024 High
$70.89 : 2024/12/06 - December 2024 Low
$70.74 : 2024/11/18 - November 2024 Low
Be that as it may, back - from the trumps scenario - to everyday life, to the daily price action in
UKOIL . Let's break down our long UKOIL 4XSetUp. And the price action is still more bullish as i thought originally. We now have the 4th red bearish day in the UKOIL price action. Which sounds worse than it is, for those who are long - but is not good! Even we got a green flat last week. Bearish? No - it was a week with +1.37%, but it felt like a bearish week, at least for me, after we bulls didn't take over the $82.35 price action area. And that's why many short-term bulls are taking their profits this week. Vice versa: many short-term bears are taking over the terrain back again! Hopefully only this week. Because bearish traders and/or investors were able to send the price action of the UKOIL this week under the bullish GAP from the start of last week - the price action between $79.95 from 2025/01/10 (last friday before closing) and/or $80.43 from 2025/01/12 (last monday before opening). However - it is how it is, as I described last time already: “What we last experienced from mid-June 2024 to the beginning of July 2024 - then also 4 bullish weeks in a row - with a price action of $79.26 to $87.92. And/Or also from mid-March 2024 to the beginning of April 2024 - at that time again 4 bullish weeks in a row - with a price action of $81.11 to $92.14 (which was and is also the annual high of 2024). Why do I mention this? Because in the following weeks the bears always took over the territory - and in both cases of the four-week uptrend we always saw price action below the previous low of the first week of the four-week uptrend. In other words, the four-week bullish trend always turned into a larger bearish trend! This time too? That is the crucial question!------------------------------------------------
$88.00 : 2025/06/30 - Target Price
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$79.07 : 2025/01/21 - last price action
$76.19 : 2025/01/06 - Entry Price
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$70.00 : 2025/06/30 - Stop Price
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Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in
DXY every day so that we learn something new daily.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.