CFDs on Crude Oil (WTI)Updated USOIL: I'M WAITING FOR THE BIG TRADE
TREND
Main Trend is down
SUPPORT/RESISTANCE ZONES
Key S/R zones based on ideas from
TIME AT MODE METHODOLOGY(Courtesy Mr Tim West)
60.00 50.00 and 40.00
SHORT TERM STRATEGY
Price is currently being coiled up in a
box, Therefore, ( Buy Low Sell High =Scalp Strategy Activated)
LONG TERM STRATEGY
Main Trend is down but at the right signal, this could be traded to 50.00 or to 40.00, depending.
Main Trend is down
SUPPORT/RESISTANCE ZONES
Key S/R zones based on ideas from
TIME AT MODE METHODOLOGY(Courtesy Mr Tim West)
60.00 50.00 and 40.00
SHORT TERM STRATEGY
Price is currently being coiled up in a
box, Therefore, ( Buy Low Sell High =Scalp Strategy Activated)
LONG TERM STRATEGY
Main Trend is down but at the right signal, this could be traded to 50.00 or to 40.00, depending.
Note
Oil rejected 50 w/ a fantastic wick ;)It's making its way back to the mode @ 45
It was a nice short from 50.00000
REACTION @ the MODE would be monitored for another trade
Until then........
Sitting on my hands, and protecting Capital ;)
Note
45 killed. We head for 40 next.Note
So we hit 40, and Oil seems picking up strength. ^_^
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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.