OIL DAILY SAY = more down possible but upper fibo61% is targetwe know oil is very very very veryyyyyyyy trendy market and go against trend is very dangerous agree?
wait near 71$ low and after pinbar comes on 1h-4h-daily chart pick buy with sl in low and try hold it 2-3 week ,,,technical say oil upper target is 85 then 100 $
predict = we predict oil fair price is 50$,,,,aftter 2-3 uptrend wave it can go down wild so dont open big size and without SL
good luck
Oil_analyse
Oil 4 hour : technical say it can see 122.00$above green arrow we can buy with SL= 108.80 support ( if 108 support break , oil can see mini crash )
after oil touch green arrow , wait pinbar comes on 1hour 4hour or daily chart come or in 15min chart , price break last upper trendline , then pick low size buy , try hold it to 1630$
ALERT = oil price is over value , i belive oil fair value is 80.00 so be careful , it can crash wild in future , for buys 100% put SL and never remove SL
wish you win
july 23 oil can crash to 58$ as predict 4 day ago,oil fly up
pick sell on above trend is risky (winrate =50%) so 100% put sl and never remove it
if trend break,oil can fly to 82$
60% oil will crash(wave 2)
40% will break upper trend and will fly up
advice = if you have sell , you must put SL i show on chart ok? or put buystop (2*total sell) after open ,dont close it,frist ,,,, frist in next low close sells,then in high close hedge buy
technical say oil must see fibo 61% = 45$AC(accelator occilator , or stoch 5.3.3) on daily chart show green ,buyer pressure is high ,so oil in comming week can go up but we advice looking for sell on oil and hold your open posation 2-3 week until 45$
in 45$ you can buy ,we think oil will see EMA200 daily
secret= keep monitor AC(or stochastic 5.3.3) on daily and 1 hour chart
can oil crash again? yesif below trend break oil can see 15$-20$ so be carefull from buy
for find target use this drawing tool =trend FIBO EXTENTION 61-100-161% (it draw on last N shape)
never open reverse pos on it alone , you need 2nd signal like EMA200 or support near it ,then you can put sellimit on it
in ninjatrader =fibo projection,,,,, in metatrader you must load it to drawing tools,by right click on menu
for more info about it search on youtube =fibo expantion