UKOIL ADVANCED SCENARIO ...!UKOIL has made a liquidity in form of equal highs marked on the chart above. A strong up is needed to see the red box before another down...!
Uk-oil
UKOIL H4 Potential bearish continuationOn the H4, with price moving below the ichimoku cloud and the current bearish momentum, we have a bearish bias that price will drop from our entry at 116.24 where the horizontal pullback resistance and 50% Fibonacci retracement is to our take profit in line with the horizontal swing low support and 78.6% Fibonacci retracement. Alternatively, price may head for our stop loss where the horizontal pullback resistance is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
UKOIL H4 Potential bearish continuationOn the H4, with price moving below the ichimoku cloud and the current bearish momentum, we have a bearish bias that price will rise from our entry where the horizontal pullback resistance and 78.6% fibonacci retracement is to our take profit area in line with the next horizontal swing low support. Alternatively, price may break support and head for our stop loss area of 112.53 where the next swing high and 61.8% Fibonacci retracement is. Take note that we are waiting for the break of support to confirm the bearish continuation.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
OIL H4 Potential Bounce | 9th June 2022On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 121.15 where the horizontal pullback support is to our 1st resistance at 125.53 in line with the 78.6% fibonacci projection and 161.8% Fibonacci extension. Alternatively, price may break structure and head for 2nd support at 117.76.
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UKOIL, H4 Potential bullish continuationWith price moving in an ascending channel and above the ichimoku cloud, we have a bullish bias that price will rise to our take profit are where the 127.2% Fibonacci extension and 78.6% Fibonacci projection is from our entry. A further confirmation is to wait for price to break the 61.8% Fibonacci projection and horizontal swing high resistance for the buy entry. Alternatively, price may head to our stop loss where the pullback support is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
UKOIL, H4 Potential for a bullish breakoutWith price moving within our ascending channel and above the ichimoku cloud which is indicating bullish pressure, we are bias that price will rise to our take profit where the 61.8% Fibonacci projection and horizontal swing high resistance is from our entry of 121.58 in line with the 78.6% Fibonacci retracement area. Alternatively, price may head to our stop loss at 119.11 in line with the 23.6% Fibonacci retracement and horizontal swing low support. Our analysis will only be confirm if price manages to break the resistance at 121.58 where our entry is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
UKOIL, H4 Potential for Bullish MomentumWith price expected to bounce off our entry which lines up with the 38.2% Fibonacci retracement and ichimoku cloud support, we have a bullish bias that price will rise to our take profit area of 123.6 in line with the 61.8% Fibonacci retracement. Alternatively, price may break structure and drop to the stop loss at 112.71 in line with the horizontal swing low support and 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
UKOIL approaching pivot, potential for rise | 23 Feb 2022On the H4, with price moving above the ichimoku cloud, we can expect bullish continuation from our entry at 96.14 in line with 38.2% Fibonacci retracement towards our take ptofit at 100.79 which is a strong resistance and in line with 161.8% Fibonacci extension. Alternatively, price may break entry structure and head for our stop loss, which coincides with the ascending trendline and 50% Fibonacci retracement at 93.84.
BTC analyse 24.01.221- 24.03.2021hello dear traders its been along time, as we see BTC had made a very massive bullish trade last months, but after hat directly BITC LOSES about 20% of its value, but why ? we all know why, but what its more important is net step of BTC :)
AS we see we will have one of those scenario A or B , but both of them they have same end which is to reach +46000e,
as possibilities gives 65% that we will have a massive bullish trade, and in my opinion will be the history chance.
the entry point will be in 21000e, but we have to wait if price goes down more.
and if price didnt goes down more so entry will be in 27000e
Brent Oil bounce off supportHello friends! If you agree with this idea, please give me a like and a follow so that I can continue posting quality content!
The Brent Oil price per barrel has bounced off the support line at $71.20. This has been a particularly strong line of influence this year - with the price touching it 4 times.
The red line is my Stop Loss. Good luck!
Use risk management to minimise your losses. Losses can exceed initial deposits.
UKOIL Bounced Off Support, Potential to Rise!UKOIL bounced off its support at 70.86 (100% Fibonacciu extenion, 61.8%, 50% & 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 75.50 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistnace).
Stochastic (55, 5, 3) bounced off its support at 5.15% where a corresponding rise could occur.
UKOIL approaching support, potential bounce!UKOIL is approaching its support at 75.01 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal overlap support) where it could potentially rise to its resistance at 78.14 (100% Fibonacci extension , horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
UKOIL's potential breakout!UKOIL could potentially be trading in a rising wedge where if it breaks past its first support at 73.25 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support), it could trigger a move downwards to its next support at 70.95 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support).
Stochastic (21, 5, 3) is approaching its resistance at 98% where a potential reversal may occur.
UKOIL - Longukoil - long -
1. pin bar
2. key 51.00 level
3. bullish engulfing
4. Decelleration
5. upward sloping trend-line retest
Will Brent oil rebound from weekly 50-MA again?ON previous two occasions, dips below weekly 50-MA proved to be short lived/bear traps. We need to see if the pattern is followed for the third time as well…
UK oil 2017: week5Well last week went for the majority as I expected however on friday the price forgot to lift of to my target area of 60.
As it became clear we are still really stuck in the triangle (see yellow lines). We will have to wait which side we break. One way to look at it is to look at the volumes over the last period.
You can see that the price did not move that much but in terms of volume the interest were bigger when the price went down. This can be visualized in the OBV indicator.
Expect a break out of the triangle this coming week. Gradually a picture is emerging that seems to suggest we really needs to fresh news / re-inforcements for a new push to the upside.
UK oil 2017: week 4last week I mentioned that we reached a TD sequential count of 13 and that the money inflow indicator was reading low figures and that those elements initiated a buy with my program. Furthermore, last week, it was clear that the first couple of days were likely to trade down.
Well the price followed neatly these predictions. If it continues to do so we should go up from here. Stay vigilant at the yellow indicated trend line and remember; usually Mondays tend to sell off.
For this week I plotted below the dollar index. A stronger dollar should, if all other elements stay constant, translate in lower oil prices. However the last couple of weeks the dollar is actually getting slightly weaker, but oil price did not responded by going up (I think they even went slightly down) yet another small indication that we are probably not going to see a lot of up movement in the short term: It seems we are getting more and more sensitive to negative news.
A small prediction for week 4 then: Some selling on Monday then further up to the yellow line, again a day down, and then finally either end of the week or it will be delayed till next week.
UK oil week 3Hard to make up my mind this week. There are two indications that lead me to think that we could see more upward movement of the price:
1. One can see that the money inflow index over the last 15 days is reading below 30 indicating that the selling pressure dissipated.
2. The famous count 13 is reached which according to Tom demark indicates that we are likely to try another upward move. Still..the 13 is not reached after a nice downtrend but the couting continues because the sequential was not negated by a TD sel set up.
3. we came very close to the black resistance line I draw 2 weeks ago. Close but not actually going through, so stay careful!
THese 3 factors below triggered an automated buy (see graph). Target should be around 3 to 4 dollars up from a few days ago.
However as I write this I looked at the hourly Uk oil price and there it seems to me that in the most likely situation we have not overcome the downward pointing trend line. It seems likely to me that in the first part of the week we are probably still to see some downward movement of the price before we go up.
A very possible scernario would be: down for first 2 days or so possible until we reach the blue resistance area and then up again. Let's wait and see!
UKOIL / 1HR / POTENTIAL GARTLEY PATTERNVIDEO: www.youtube.com
GARTLEY PATTERN
PAIR: UK/OIL
TIME-FRAME: 1HR
TRADE: GARTLEY PATTERN
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in our Live Room, we have been doing extremely well.
Here is another Gartley Pattern opportunity for us to Trade.
NOTE: These are potential trade opportunities. Please
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Star Prosper
Philip Stewart
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