CL! - LONG trade ideaWe swept the lows on the 4H OB. Considering this might be an SFP, taking a LONG towards the FIB 0.79. There is also a bullish divergence present on the RSI which gives another impulse for a LONG.
Cl!long
OIL is going up more and moreHere is the show of oil, for now he gives us to see that he want to go up more so we can follow with him, as we can see that he did more than restesting, now in consolidation to boost to up
Have a nice Investement or trade
First an second target hit for Crude oil.See prior link below
I found that that making a setup with a trigger for both long and short makes me to not have a bias. I do what my set up says. In this trade my long trigger was hit so I took the trade and it worked out great. It is hard to go wrong with doing a short and long setup. Then you don’t worry about direction.
Let me know how you decide when your trigger is pulled.
❤️ Puckbunny
CL > broadening wedge patternThis is a bottom broadening wedge where price enters from above and touch the lower line first. This is usually a reversal pattern but really it can break out either way.
Usually after wedge is validated-( 2 touches of both lines but ideally at least 3 touches on one of the lines)- you will see a partial rise (or fall) before reversing again. I believe we are in the partial rise stage and price will reverse down. However, confirmation of short or long would be breaking an imaginary horizontal line from the rightward most side of either line.
Just wait for the trigger.
CL prediction for the coming hour For intraday investment, we expect that the CL could be in an upward trend for the next hour, Signs assure that, especially the new high volume in comparison to previous ones.
What we will wait for is this increasement and a new red volume that confirms sellers are taking control again, so taht we can sell and take profits.
(CL) Crude Oil Futures will reach $60 this monthBased on Fib, Crude Oil will reach $60 this month. No immediate bull trade as current price is far away from stop loss
CL GO UP!
This week, oil failed to overcome resistance at a price of 66.55 (January). The EMA 50 was pierced, followed by a rebound from the EMA 200. The nearest resistance is 65.51, in case of not overcoming this level, the pattern is possible: a double top with a signal for a short position. Nearest support 64.66.
In the near future, more likely to retest the resistance level of 65.51, which is confirmed by EMA 20 and EMA 50.
Our trading robot is also aimed at a long position
I do not recommend entering into a deal or making conclusions on Monday, at the beginning of the week there is a set of positions of large companies.
All good trades
