USOIL adam bottom demand zone 82.40 for long8th September daily key reversal bar, made a new low closed in the middle. 9th September daily insurance bar indication for strength ahead. high probability for long opportunity from demand zone as 82.40-20 with half risk, may use remaining half% risk from 81.30, stop loss 80.50, target: 88.50
Usoilanalysis
USOIL - LOOKING FOR THE LONGUSOIL is looking like an expanding market about to complete 1-2-3-4-5 pattern - see purple.
A possible reversal area is the 1.272 ext (82.52) of the last swing higher - see green
This area is also a support area going back to January.
We draw another extension from the last small move higher - see black - and judge the price action as it moves through these extensions.
The 382 of the larger move higher is just below at 80.00
Somewhere in there can be ourrevrsal for a move back up to 100 mark.
Timne to follow....
USOIL is in sell area!!USOIL (4H) is currently approaching to test the neckline of 4H head & shoulder. It is high probability that the price will have a rejection as we already have seen strong rejection from this important area of value with long bearish engulfer.
As the long-term trend is down, it is a high probability that the price will continue to drop as daily has a strong bearish price action as well
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USOIL where to sell?USOIL has formed a strong bearish price action on a daily and higher timeframe. In the 4H timeframe, we see a significant expected retracement to the upside. Price is now currently approaching this important level of resistance. Upon rejection and price action confirmation, a selling opportunity may arise.
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USOIL - 240 MINS TIMEFRAME USOIL
The Structure looks good to us, waiting for the this to correct and then give us these as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
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USOil | New perspective for the weekI am of the opinion that natural gas shortages this winter might be driving gas prices higher in the last quarter of this year. The current structure reveals that price action is back to retest the bullish trendline identified on the weekly time - an area which shares a confluence with the $85 key level. In this video, I have explained what my expectations for the new week are.
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USOIL ! reversed to bullish sign long trade analysisUSOIL is headed for a strong bearish trend there is sign that this downtrend may be over. While earlier bullish, oil neared the 100 EMA, rejected strongly and down. But this time, the oil broke the 100 EMA and moved very strongly bullishly. Oil is currently trading at a level it previously strongly rejected. If can break this level and show growth, you can make a profit on long trades.
USOIL MARKET BREAKDOWNUSOIL MARKET BREAKDOWN
Last week was the stuff of dreams with USOIL pulling through for insane pips, GOLD pulling through for insane pips and GBPUSD giving us a modest bag!
As stated last week were are simply following the USOIL down trend and it's working out nicely so far. USOIL dropped down to our bottom zone before pulling back, we did try to long this but after confirmation we couldn't get that little bit more of a dip which we needed. I have marked out the important zones for this week and it's important to note that $94.50 has been tested so many times on this timeframe and multiple others so I don't see another retest within this next leg down.
Look at the very left of the chart on the white line. We can see this area actually acted as a decent support region but since we broke from it price hasn't really reacted much with this level so I would expect this to be the next zone we see resistance.
As always USOIL can drop from the current zone and it rejected hard from $91.80 which makes me slightly sceptical of a push higher but my behind the curtains strategy is point towards $92.70-$93.30 as the true rejection region (I ALWAYS STICK TO WHAT MY STRATERGY TELLS ME).
I'm sitting, watching and waiting for my time to strike.
⁉️ USOIL - Market AnalysisHello traders!
⁉️This is my analysis on USOIL .
Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action from here as price rejected from psychological level 92.00 + FIBO OTE level (0.705). My target is sell side liquidity.
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