US OIL SHORTThis is in reference to my last update on oil...preparing to short. WATCH THIS SNIPER AT WORK
Usoilforecast
US OIL MARKET BREAKDOWN Oil is following analysis very nicely...slowly but nicely. Due to the new year coming in and trading just getting back into the swing of things we can expect consolidation and low liquidity in most pairs until the ball really starts rolling.
As mentioned in my last post I have expectations for oil in Q1 and Q2 but we need a liquidation region to push to the accumulative zones and I expect this to come sooner rather than later. When I post I am not telling the market where to go I am simply trying to predicts it future movements so I can be prepared to take the trade when the opportunity arises (NEVER TRY AND TRADE THE MOVEMENT YOU PREDICT...MARKETS MOVE ON THEIR OWN ACCORD).
Oil has broken its consolidation and retested with a rejection which is a good sign. Oil usually has big spikes and long wicks in its corrective move and that's what I'm waiting for...Oil can easily push 79.70-80.30 which sits just outside the true trend so I favour this as a short region. We can't rule out the possibility of the purple zone this is a major liquidation so I will keep my eye on it. I will watch and wait for rejection and then take my shorts down to the 75-74 region hopefully gaining 500 pips profits.
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USOIL Potential Head and Shoulders FormationUSOIL made a massive move after the pandemic and it's now moving in a range. It's currently trading in the resistance zone. Based on previous price action, it seems like it will complete this Head and Shoulders pattern over the next few weeks.
But it's quite possible that it will continue its move upward after completing this pattern because there are fewer chances of a breakdown. This analysis will be considered wrong if it touched 78.30 level before completing the pattern.
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US OIL LONGOil has consolidated for the first week in the new year and we are starting to see that push higher which was our favoured scenario. Now we need to wait for oil to finish this bullish push...Due to the large head and shoulders pattern retail will be shorting and shorting and the whales will be pumping for liquidation. I am expecting moves into the the $79-80.30 region which is where I will look to short the corrective move which will come into play.
Any economical events could drop or push oil so I will stay weary...ultimately I will be expecting oil to push 90-100 this year (Q1 and Q1) targets. But I'd like to see a dump first for an accumulative drive up to achieve those targets.
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USOIL- SellUSOIL will most likely to fall from here and will test the lower ascending trendline. One can sell from here for the target of 73 and 70 with stoploss of 77.41. On the contrary if it breaks the upper descending trendline the USOIL will becomes bullish once again.
USOIL LONGS 📉📉📉Expect bullish price action on USOIL as price is rejecting orderblock m15 + imbalance m15/m30, we are in a bullish market strucutre and risk on market sentiment, we have bullish rejection on M15/M30 from this area so this means bulls are in power.
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US OIL SHORTUSOIL SHORT SET UP...
Nice head and shoulders set up forming and a retest of the bullish drive up from the first trading day of this week is needed
US OILUSOIL...
I still expect a pullback from oil but this consolidation has been extended making a breakout more likely! I favour the upside for a spike to liquidation and sell orders can be met (We closed above major support and the majority of retail are shorting the obvious H and Shoulders. I am not entering this...just for reference.
USOIL MARKET OVERVIEW USOIL
OIL has opened this trading week with a bullish impulse, currently oil is fighting on a bullish zone which requires a lot of drive to break through the zone. With many bank holidays and coming up to the final few trading weeks of the year I see oil pulling back to gather momentum to take it to the next high when the markets get back into the swing of things after the new year. Oil has broken out of a wedge which also needs testing before the next move...I expect dips back towards 70.70 before we see the real move coming.
I currently have a short running and the set up will be posted soon. I will not be longing oil until we see a large dip and clear rejections of 70.70.
OIL should be bullish into Q1 and Q2 with the rise of inflation...get ready.
USOIL LONGS INTO 80 📉📉📉Expect bullish price action on this commodity, price should reach 80$ per baril this year as we are in a huge bullish momentum on h4/d1 + santa claus rally that reflects a risk on market scenario
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USOIL LONGS 📉📉📉Expect bullish price action on USOIL as price takes out liquidity on the retail trendline, rejected a nice M15 bullish orderblock. Price is in a bullish market strucutre and should rise because of the risk off market environment + bearish gap that should be filled on usoil, lets go for 3R.
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USOIL SHORTS 📉📉📉Expect bearish price action on USOIL as we are in a bearish market structure on a H4 TF price is making lower highs and lower lows, rejecting a bearish breaker and re-testing 69-70 weekly low area.
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USOIL: Elliot Harmonic Trad 4HAccording to the five correction waves in the chart and the completion of the fourth wave, we expect the price to decrease to the specified level, which is wave a correction.
USOIL UPDATE SHORTS 📉📉📉We have strong bearish momentum on USOIL i dont think it is the best moment to close our short entries, we have a risk off market sentiment right now so we should expect bearish price action still...
I moved my stop loss to my entry so i have a risk free trade.
What do you think ?
USOIL SHORTS 📉📉📉Expect bearish price action on this chart as price rejected a bearish orderblock h4 + imbalance bearish fill, bearish market structure on h4 + price takes out liquidity above 72.00. We are going down into value areas 70 and 68
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USOIL SHORTS ✅✅✅ Expect the price to drop from this area on a intraday basis, as we took liquidity above 72.000 area and old highs. A lot of bullish imbalances to be filled that were made on FOMC release yesterday.
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USOIL SHORTS 📉📉📉Shorts there as price is rejeting a premium market area on fibonaci, bearish orderblock h1. We have to fill bullish imbalances that was formed yesterday
USOIL SHORTS ✅✅✅ Expect shorts on usoil as price is rejecting right now an important area of demand, we have to fill a bullish imbalance on h4 around 69$ psycho level, lets go down.
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USOIL SHORTS 📉📉📉Price is rejecting in this moment an important area of ,, resistance ,, a bearish orderblock on h4 filling in the same area the bearish imbalance that means the price is repriced at this level. We also took out some buy stops above old highs and right now we should go lower after h4 candlestick bearish will be CLOSED. I target bullish imbalances.
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💡Don't miss the great Sell opportunity in USOIL!Hi traders
Do not miss an attractive area for a good sell
What do you say, I want to know your opinion on my forecast 😍
UUSOIL LONGS LONG-TERM 📉📉📉From a long-term perspective USOIL looks like a good buy from 63-64 area, we have a bullish market structure on a HTF, price just made the retracement back into bullish orderblock d1 an important area of supply for the price in that area closing the bullish imbalance as well, price left a lot of inefficiens in the past that should be closed in the future, price should be magnetize back above 70$, that's my long-term perspective long term meaning 1-2-3weeks.
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