USOIL Weekly, Daily, 4h analysis 🦐
Updated
USOIL on the weekly chart tried to break below the weekly support at the 36 area and got pushed back.
The price closed with a wick near the descending trendline.
On the daily chart the market on the enthusiasm of the vaccine attempt to break above the daily resistance at 41.40 and close the last daily candle exactly at the 0.5 fib level.
ON the 4 chart the price broke below and retested the 4h structure at 40.80 and now look for the test of the 0.l618.
If the market will bounce on the 0.618 and give us signs of inversion we will set a nice long order according to Plancon's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
The price closed with a wick near the descending trendline.
On the daily chart the market on the enthusiasm of the vaccine attempt to break above the daily resistance at 41.40 and close the last daily candle exactly at the 0.5 fib level.
ON the 4 chart the price broke below and retested the 4h structure at 40.80 and now look for the test of the 0.l618.
If the market will bounce on the 0.618 and give us signs of inversion we will set a nice long order according to Plancon's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
Note
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.