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OIL-SELL

BRENT OIL Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. on WEEKLY: BRENT OIL is sitting around strong supply in blue so we will be looking for sell setups on lower timeframes. on H1: BRENT formed an objective trendline in red so we are waiting for a new swing to form around it to consider it our new trigger swing. Trigger: Waiting for a momentum candle close below the gray area to sell. and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone. As price approaches our lower green support, we will be looking for buy setups. Good luck!
OShort
by TheSignalyst
4
Oil Sell IdeaD1 - Price is moving inside a range and it still has room lower towards the bottom of the range. H4 - We have a great sell zone formed by the two daily resistance levels and the 61.8% fibonacci expansion level of the cycle we have. Currently the price has reached this sell zone, we may now look for possible sells with bearish evidences (candle stick patterns, false breaks, trend line breakout, etc... favoring the bearish view) towards the bottom of the daily range.
TVC:USOILShort
by VladimirRibakov
2
Oil Sell Idea UpdateThe idea we've been following in Oil is now starting to become relevant. The price reached the top of the H4 chart range. There is still room for another push higher though. We can split the potential scenarios into 3. Scenario #1 - Another push higher then reversal from the zone marked. Scenario #2 - Immediate continuation lower, bouncing from the 100% extension and the beginning of the top zone of the range. Scenario #3 - Of course would be the invalidation. This is where the price breaks above the top of the range and creates momentum.
TVC:USOILShort
by VladimirRibakov
Oil Sell IdeaD1 - We have a critical resistance zone at 60.00-60.40 and the price is holding below it. Note: Currently the price is bouncing from the critical zone formed by the fibo expansion and fibo retracement levels, so short term bullish moves are acceptable and valid here. H4 - The price is currently moving inside a short term bullish channel, We may now start looking for bearish setups with bearish evidences in order to join the bears. Invalidation: This sell setup is valid until the daily downtrend line holds. If the price moves higher and breaks above this dynamic resistance then this sell setup will be invalidated.
TVC:USOILShort
by VladimirRibakov
4