Crudeoilwti
Crude Oil Elliott Wave IdeaAn update to this idea with the channel and the potential triangle added >
Other parts of the idea below:
Crude Oil Elliott Wave IdeaUpdate to recent ideas:
Could be in a triangle (ABCDE) or regular correction (ABC) for wave 4 before the 5th and final wave, possibly a similar pattern to before >
Crude is Under Bear Trend Might Probably 53.60 is the ResistanceI Donno If am Right But This Signals Me SHORT With an SL 53.80 ( or ) Wait Near 53.80 For Selling
Crude Oil Elliott Wave IdeaUpdate to a few recent ideas:
Oil may still be in wave 4 and beyond the .236 retracement level but heading towards the .382 level at $55,67; there appears to be a channel down also where wave 4 could terminate before the 5th and final wave below $50.
Crude Oil Elliott Wave IdeaUpdate to a few recent ideas:
Smaller timeframe >
Larger timeframe >
Wave 3 could be at, or near an end now with an extended wave 5 (white) of 3 (yellow) hitting 1.414 extension; If wave 3 is over then wave 4 may follow to the .236 level before the 5th and final wave below $50.
Crude Oil D1 Setup Wait For Retest and continue falling Crude Oil D1 Setup Wait For Retest and continue falling we recomend Sell From Selling Zone . we expecting big sell
Crude Oil Elliott Wave IdeaUpdate to a couple of recent theories:
Could be nearing the end of wave 3 now as the 1.618 extension approaches. May see some sideways action for wave 4 followed by the 5th and final bearish wave towards $47-$50
Crude Oil Elliott Wave IdeaUpdate to this idea >
Looks like wave 2 (or B) has completed now in the start of either wave 3 or wave C.
If wave C of correction then may bounce and a new high from the 57$ level.
If wave 3 then the 1.618 extension is at 53$.
I prefer the 5 wave impulse move as it fits my larger timeframe view here >
Crude Oil Elliott Wave IdeaUpdate to these ideas:
Possibly in the impulsive waves down now, wave 2 up to 64XX then down for impulse wave 3
Crude Oil Elliott Wave IdeaSlight variation on this smaller timeframe count >
Looks like the 5 waves down are complete followed by a rise in price to 0.5 level, before a sell off. Could be wave 2 or B complete which fits with this larger timeframe count >
Crude Oil Elliott Wave IdeaOil might be in a triangle for wave 4 (white), break out downwards might occur if it is wave 4, possibly hitting one of the extensions around 58/59/60, depending where wave E of 4 ends.
WTI CRUDE OIL volume clusterAfter nice move down from nice resistance zone what i predicted the last week is nice to see 3 x volume clusters.
Where is pretty good point for intraday short trade.
1. Trend down with strong volume cluster is for me good point for short trade.
Happy trading
Dale
USOIL 1hr Analysis and Hedge StrategyAs a part of our strategy we hedged our oil positions. Our target for our hedged position is the yellow zone and we will add to our hedge if it breaks above the orange zone. TVC:USOIL
USOIL Daily Analysis and Strategy with FIBONACCI LevelsCrude Oil is at a crucial point with price action reaching the yellow 70.8 Fib level zone which is a major weekly resistance. Here we are looking for a pullback in price action. The prior analysis with the AB=CD harmonic pattern is also still in play as a part of the strategy. TVC:USOIL
USOIL Harmonic Gartley Analysis and Strategy We are currently trading the 4th leg of the Gartley pattern that is forming on the 1 hr chart. We are predicting the Harmonic pattern will be completed and our take profit set at the green zone (63.15). TVC:USOIL
Crude Oil Elliott Wave IdeaUpdate on this idea >
Oil hit 1:1 extension (measured move) and strong resistance, possibly completing a correction to the fall from $76,88 to $42,40. Could now start the post correction impulse waves.
Weekly candle looks like a bearish pin bar and possible bearish divergence on MACD:
USOIL 4 hr Trend AnalysisWe are targeting the green trend line and looking for price action to break below the yellow support zone for confirmation. The condition to this strategy is that price action does not break above the red resistance zone. TVC:USOIL
Crudeoil ShortThis is one of my take on oil on the daily, I might upload my 2nd opinion. I will post an intraday opinion soon.
If you followed this chart that I posted yesterday, then both your target would have been met by now. Could go down further but for now, I'm out.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Short CrudeOilThis is a slight tweak to my short call chart yesterday in the 1 hour view. This is my opinion on oil. There is still a potential for more upside before we go down as stated yesterday, up to you if you want to wait for more upside before shorting.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
