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CL> triggers for either a short or long position.Hello fellow traders! I hope you are enjoying my charts and analysis. As you can see from my past analyses and now this CL analysis, I am strictly a trade by patterns kind of person. Wedges, ascending/descending triangles, pennants, flags, diamonds, double/triple tops, head and shoulders carry GREAT POWER especially when combined with support/resistance and supply/demand, (support/resistance is not the same as supply/demand despite debate to the contrary- though they are interlinked). I remember a quote from a ancient Greek philosopher (I think ;)- though I can't recall his name that states "with great power comes great responsibility". What is our responsibility? Always manage risk and reward to near perfection AND always use a stop loss. Some traders may not use a stop loss but I think this is a recipe for disaster. Disaster may not come today or tomorrow or next year or the year after that; but rest assured it will come. All the traders I know who did not use a stop loss did so after striking disaster. Avoid impending disaster by always using a stop loss. If you enjoy my charts and analysis please support with a follow and a thumbs up. It will make my day- believe me :) ANALYSIS OF CURRENT CL CHART: (follow the numbers below with the numbers on the chart) (please see my previous analysis of CL and how closely price has followed my idea, including the big crash the other day) 1. The basic premise of this chart is- Are we in the initial stages of forming a new downward parallel (purple) channel? This would make sense with oil and the upcoming summer. 2. We have been following the yellow parallel channel since October 2020 (Autumn- not a surprise). Now we are possibly forming a new down channel shown here in purple. We are at a critical point here with the bottom line of the yellow channel forming resistance. Price ended Friday right at this resistance. You can mentally form a symmetrical triangle around the current price action. This supports a crossroads because symmetrical triangles can break out in either direction. When 2 factors come together at once it supports your position. 3. You can see the big black wedge that is formed and you can see that price broke out of the inner wedge bounded by the red line and the black line of the black wedge. A wedge within a wedge is another crossroads sign, so now we have another signal that we are at a critical area. Price temporarily broke out of the black wedge but this was a false breakout. 4. A trigger for a long entry will happen if price breaks the black trendline of the black wedge. You may enter on the breakout (aggressive entry) or on a retest of wedge (conservative entry and you could miss the entry). 5. A trigger for a short entry will happen if price breaks below blue support line and becomes resistance. Again you may take a position on the breakdown of support or a retest of what will then be resistance (this is called confirmation). You can see that if price breaks down we still need to get through the demand zone which is weak (this could appropriately be called support at this point). If price breaks below the blue support line and especially if price breaks below the next demand zone, then I would say we have confirmation of a new downtrend within the purple parallel channel. Those are the 2 scenario's for this week. I do not know which way price will go so I always like to set a short and long trigger. If I had to say, I would say price will go back up because wedges usually take priority. But not always! If you would like me to do some tutorials on trading with shapes and patterns I would be happy to do so- let me know in the comments. I have a lot of information to dispense about patterns if desired. One last thing- the only indicator I use is RSI. This is primarily to look for bullish and bearish divergence (regular or hidden). I do pay attention to overbought and oversold but this is secondary as price can remain in these areas for a long time. But if there is bullish or bearish divergence in one of these zones it is a very powerful tool. Thank you all for listening. I always want everyone to win their trades. I never root for someone to lose money. Even if someone takes the other side from me. The market will decide who wins; not me. Again you would make my day with a follow and a thumbs up :) Ms. Bunny
NYMEX:CL1!
by UnknownUnicorn11430563
8
BTCUSDT 4H | Bitcoin market overview: TriangleHello, dear subscribers! In the previous review, we looked at the price decline as the most likely development of events in the bitcoin market. We outlined the support and resistance zones. Since then, the bitcoin price has fluctuated between $54,000 and $60,000. In recent days, buyers have been battling sellers for the $58,000 level. The bulls managed to briefly hold above the $58,000 level, but time after time they were squeezed by the bears below $58,000. The bitcoin price has drawn a " triangle" pattern. The closer the price is to the top of the triangle, the more likely it becomes that the price will exit the triangle. The subsequent price movement after the exit is usually the height of the triangle, which in this case is $7,000. It follows that the movement targets will be $51,000 or $66,000, in case the bears or bulls win. According to the MACD and RSI indicators, we are in a downward price cycle. The OBV indicator is above the support zone of the buyers - 2.15M near its maximum values of 2.25M. In the coming days we will see which side, buyers or sellers will win. Subscribe to the channel and stay tuned!
Short
by CatalystsFinance
FTM/USDT- Correction continues.Important levels/Global patternsHello everyone, analyzed the FTM/USDT pair In the review, a falling wedge can be seen, which indicates that the big player is accumulating positions. Also, a minor figure is a symmetric triangle, which in many cases is broken down impulsively. If we combine these two patterns, we can assume that the price will continue to fall to at least $ 0.36. This level and the zone of accumulation of buy orders is still one of the key levels. Since according to the Fibonacci grid it is the level of 0.618, which is corrective. The correction of this growth has already amounted to 60%, which is a strong sign of oversold. Personally, I would, relying on my trading system, place 2 pending buy orders in a white rectangle. in a range such as: $ 0.348-0.368 But one factor warns, it is the shadows of the candles, which the big player can close with full-fledged candles. But I would prefer to work long, with a short stop loss only after the price rolls back from this level. The volume for sale is weakening. Also, if the price goes beyond the dotted resistance line, open a long after confirmation. Indicators MACD, KDJ and RSI on the 4 hour timeframe are in need of correction. Trade with your trading system, do not overestimate the lot in the position and do not overestimate the risk management. Join our free, open community - share your thoughts, schedules, and knowledge with everyone. There are no VIP channels, no premium groups, no annoying ads. Free society and free crypto trading. LINK IN BIO
by CryptoJaegerB
1
BTC/USDT - Continuation of a trend or correction? BITCOINHello everyone, analyzed the BTC/USDT pair Judging by the fact that there are no strong sales and the last ATH level is trading. You can see how buyers want to push the price higher. I slightly adapted the markup, after a small sideways flat - I think that the price will make an upward move. Cancellation of this scenario - price drift under the red area of ​​$ 52-51 thous. Why is it prone to growth? to be honest, I would like to see a small correction for further growth of 70k. Making an overview of the withdrawal or entry of large wallets, I dare to assume that great players accumulate positions on their wallets and withdraw bitcoin for cold storage, when other traders do everything for a turn. Also worth noting is the level of the previous ATH. If the price is left above this level ($58150) for 3 trading days, it is definitely worth looking at long positions. If not, then it is better to look for the levels of the purchase zone for yourself. The indicators and the fixed rate are still positive for growth, although they have increased slightly. The market has weakened a little, but this does not prevent the price from pushing up. Here I indicate only my actions and entry points to a particular position. "This is just my opinion, trade with your trading system Have a nice day and come back again." Subscribe to my free and open channel. There are no premium and VIP groups here - only free communicatio link in the description
by CryptoJaegerB
3
GOLD XAUUSD TRADE UPDATE 2HR TAKE PROFITOur first take profit target is hit! We have now closed half the position, locked in some profits and will look for continuation of trend. The remaining open position has pulled back aggressively, we will watch closely from here and make a decision to close position or not very shortly. I will update analysis when we have more information available. If you like this idea or traded it with me please like and follow for more ideas. ORIGINAL TRADE IDEA BELOW
OANDA:XAUUSDShort
by JembussTradeSignals
DJI (6h) - Double top - and more.The trouble with double tops is that, you don't know where exactly price will go. Have a look. All you can do is take a controlled loss (aka stop-loss). If you can't afford it, don't take it (obviously). Today was exciting!! USTech was heading south, whilst price on other US stock indices went madly north. The news said, that this was a about rotation. (Read up on that). Well, I don't think so. It looked as if moms and pops traders took confidence in an early rise of USTech and moved madly north. Tech continued to grind down after that bounce, checking the confidence of the gamblers. There's potential trouble on the DAX where 'gamblers' went wooohooo towards 14000 ish. Then the big boys said hold on a sec! Oops - hello there is trouble in the Bond markets. The FED is basically fighting against itself - trying to boost bonds and prop up stock indices in the US at the same time. Yellen made an announcement that inflation is not a problem - and the gamblers became ravenous. (You don't see that stuff on the 6H chart. Look into the 15 min time frame.) In other events, officially US debt struck just over $28 Trillion. But the true figure not in the public domain is estimated to be around ~$128 Trillion. Like 'who cares' some say, 'The FED has our back'. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
HIGH ALERT: To Bitcoin latecomersThe position shown is a potential crash zone. I'm well aware that 'everybody' thinks BTCUSD is going to $100,000 soon. There are problems ahead that 'everybody' is not factoring in. Firstly the technical set up is showing something important in this analysis. Bitcoin has had a major long run up to approx $58,200. Next - there is an important trend switch. 'Everybody' can see the importance of that conspicuous amber trend line. The seeming recovery is about latecomers and greed. Then there is another problem lurking. What's that? Central Banks are quietly planning their own brand of digital currencies, and regulation is likely to squeeze Bitcoin. Loyalists will say that Bitcoin is bound to survive. Sure - but will price survive? The technicals are clear for everybody to see. The greater probability is for the south - this is not a prediction. It is only a probability - which means there is also a probability that Bitcoin does not 'obey' the technical picture. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BITSTAMP:BTCUSD
by Captain_Walker
18
AUDJPY (6H) - tricky situation.I've been watching price action in the last few days on AUDJPY. My balance of probability is 51% for the south, leaving 49% for the north. I know 'everybody' wants better odds than that. Well, I did say it was tricky - at least for me. My estimates are based on my analysis. Not a 'feeling'. I wouldn't be trading this time frame anyway. I'd be looking for a nice small trend to milk - one that is nested within one of those candles. So - if a small trend moves south, I'd take that. If a small trend moves north, I'll go with that. I go where the market goes - but from 'under the hood'. If others have a different perspective based on their own methodologies, feel free to share. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
Is the DAX burning down?This is a 15 min time frame, trend following set up. Price action looks uncertain and nosing slightly south. As a trend follower, you know that you have to give the market much room to oscillate. Trend is more important than price. Nothing in this set up means that I know the trend will continue south. All I can do is take an affordable loss. Hence, you find no predictions here. Why? Because I'm not predicting. I'm following. New traders need to be very careful in these set ups. Expect a loss. Control it. Make it affordable. I always talk about losses - that thing that lots of traders don't want to hear about. If the trend continues south, I can't know how far it will go. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
WHSELFINVEST:GERMANY40CFDShort
by Captain_Walker
The Aussies: Is this another one-candle situation?Well, it is one candle at the leading edge. We cannot know if it means anything until stuff happens. Those who look for predictions that foretell the future are in the wrong game. In trend-following methodologies, one would ride an escalator down or up - on a smaller time frame that that shown here (to conserve losses). When you zoom out of this chart, you see a market struggling to stay afloat. That's usually not a good sign. The 4H ATR line is above the recent batch of ranging candles. This means there is bearish pressure in this market (on this time frame only). The bulls have lots of work to do if they wanna get above the 4H (amber) line. The trouble for the Aussies is that they are bounced around by a) the DJI b) the USTech100 and c) US Bond markets. That's why it looks so indecisive (at this time). They are normally most scared of the USTech indices. So watch USTech as well for a steer on probabilities on lower time frames.
FX:AUS200
by Captain_Walker
CL bullish bias as a wedge gets a wedgie.You can see the formation here of a down wedge within a down wedge (wedge gets a wedgie).this is the yellow wedge and the black wedge. This points to a bullish bias longer term. Though you can see I am a seller right now from 65.10 with target price of about 63.70. This is where the yellow and black wedge intersect. I love this kind of confluence. You can see an example of how price may become bullish (red arrow) by bouncing off the demand zone. However what if the demand zone doesn’t hold and price breaks through this. We could see a drop to about 59.60 as price takes the path represented by the black arrow. So watch what price does at the demand zone. If the demand zone doesn’t hold wait for confirmation of it becoming resistance and take a short position. There really isn’t great support in this area so it could be a lucrative trade. Thoughts and comments always welcome. Please give thumbs up if you like this idea.
NYMEX:CL1!Short
by UnknownUnicorn11430563
6
CL- three possible scenarios 3 possible scenarios. Represented by green up shade box and 2 red down shade box. So far path is following my prediction from earlier chart (see previous CL post) - green box trigger if price breaks black resistance - first red shade box triggers if price do not break resistance - second red shade box triggers if double to forms.me which would also end the green box trade As always aggressive entry on break of resistance or failed break of resistance and conservative entry on retest of this resistance. Please hit thumbs up if this idea interesting and please leave comment.
NYMEX:CL1!
by UnknownUnicorn11430563
15
MARKET CRASH - JUNE 2022 ?Hello everyone I was doing a research about market crashes in history (what was the reason, what happened next and how it was solved) ...So I read many titles about financial instruments in US (Loans,credit cards,mortgages etc) ...yeah and those freaking BONDS...we have two types of bonds - short-term and long-term..and here comes the trouble. They should go in the same direction. That means if short-term bonds(STB) rise,then long-term bond yields (LTB) should rise as well...so what is wrong ? Every time in history before a market crash these STB and LTB yiels were going in different directions - STB were rising whereas LTB were falling. We can talk about divergence. Crash Confidence Indicator is in it s highest value since latest market crash in 2007 - that means that many investors believe that market crash is not going to happen... the same scenario was right before 2007 crash Citi group‘s indicator about euphoria or panic in the stock market is in euphoria sector and is steadily rising Another indicator..VIX ..is down 28%...that means that fear has crashed Stocks are expensive relative to 10-year average earnings. We are above number 24 which is much higher than the long-term average of 16. Relative to GDP,the US stock market looks very expensive Now look at the chart below. As you can see there is the VIX indicator, SPX (S&P500 index) and 10-y Bond (blue line). I found interesting correlations between these instruments. As you can see, before every market crash we had scenario when VIX fell and Bonds rised. Afterwards bonds lost their value,VIX skyrocketed and SPX and economy crashed. These days we have a lot of "positive" sentiment in Bonds and we are grateful that VIX is falling...really ? look at the chart...VIX is falling and bonds are rising. From history performance I expect an upcoming market crash in 2022...and in my personal opinion I expect this carsh in the beginning of June. Take it serious, I am not joking and I put a lot of my time into this research. Thank you for your time and good luck !
TVC:VIXShort
by JanKoristka
MARKET CRASH - JUNE 2022 ?Hello everyone I was doing a research about market crashes in history (what was the reason, what happened next and how it was solved) ...So I read many titles about financial instruments in US (Loans,credit cards,mortgages etc) ...yeah and those freaking BONDS...we have two types of bonds - short-term and long-term..and here comes the trouble. They should go in the same direction. That means if short-term bonds(STB) rise,then long-term bond yields (LTB) should rise as well...so what is wrong ? Every time in history before a market crash these STB and LTB yiels were going in different directions - STB were rising whereas LTB were falling. We can talk about divergence. Crash Confidence Indicator is in it s highest value since latest market crash in 2007 - that means that many investors believe that market crash is not going to happen... the same scenario was right before 2007 crash Citi group‘s indicator about euphoria or panic in the stock market is in euphoria sector and is steadily rising Another indicator..VIX ..is down 28%...that means that fear has crashed Stocks are expensive relative to 10-year average earnings. We are above number 24 which is much higher than the long-term average of 16. Relative to GDP,the US stock market looks very expensive Now look at the chart below. As you can see there is the VIX indicator, SPX (S&P500 index) and 10-y Bond (blue line). I found interesting correlations between these instruments. As you can see, before every market crash we had scenario when VIX fell and Bonds rised. Afterwards bonds lost their value,VIX skyrocketed and SPX and economy crashed. These days we have a lot of "positive" sentiment in Bonds and we are grateful that VIX is falling...really ? look at the chart...VIX is falling and bonds are rising. From history performance I expect an upcoming market crash in 2022...and in my personal opinion I expect this carsh in the beginning of June. Take it serious, I am not joking and I put a lot of my time into this research. Thank you for your time and good luck !
TVC:VIXShort
by JanKoristka
9