Usoil WAITING FOR BREAKOUT----SELL!!!!!Looking for a nice strong 1H breakout, I will be going short at the retest. Targets on the chart.....
Let's MILK the markets, guys.
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Usoilshort
Oil finally going down ?We are near a strong resistance, almost touching the 0.5 Fibonacci and on top of my stoch.
If we have a double top this will definitely be an opportunity for me to short, the purple arrows show some of the TP it could reach
Warning, it's still bullish long term in my opinion
🐻TIME TO SELL OIL??!!!Oil has been riding that trendline to new heights, but the more times a trendline is tested, the weaker it gets.
this theory has held true once more as price has broken below this MAJOR trendline.
A break of structure can also be spotted as price retests previous areas of support as resistance.
It looks like its time to sell as price seems to have completed the wave sequence of a bearish continuation pattern(bearish flag pattern).
CHECK THE LINKED IDEA FOR THE FULL SETUP
TVC:USOIL
Happy trading!!
USOIL bearish for 103.00#usoil, oil forming weekly lower low and lower high. 109.80 and 110.80 supply zone for short, stop loss above 110.80 i.e 111.30 (more secure) for target 103.00.
🐻USOIL BEARISHOil has been riding that trendline to new heights, but the more times a trendline is tested, the weaker it gets.
this theory has held true once more as price has broken below this MAJOR trendline.
A break of structure can also be spotted as price retests previous areas of support as resistance.
A bearish market is what I am strongly anticipating, and sells I shall look for. Hoping to use the profits for some gas money!!😂
TVC:USOIL
Happy Trading!!
June W.5: Medium-term trend signal!Hi friends, I hope y'all had a fantastic weekend and are ready to finish this month strong ;)
Today, we have 2 possible sell trades on this baby. Last week I shared a trade idea on this instrument and we missed the trade, however, the price didn't reach our take profit point which that gave us another opportunity to catch the bearish trend. This trend is derived from the monthly that is in the huge bullish half a bats level 2 formation that will either bearish bounce off or break the 8 m.a that hasn't been retested for 4-5 months to confirm the trend-continuation. So we looking forward to taking a counter-trend trade, but there are 2 possible scenarios that will determine in getting the trades or not.
Bulls: -If the price forms a bullish reversal pattern that leads it to bullish break and retest the Daily H&S Neckline 2 together with the 50 and bullish short-term m.a's, that will dis-confirm both trades.
Bears: -If the price bullish bounces of the Weekly Neckline 3/Daily H&S Neckline 2, 50 and 8 m.a's with a bearish reversal candle or pattern close, that will either trigger what I call an "H&S A-E.3 SELL signal or H&S B-E.1 SELL signal". That's the first trade signal. For the second trade signal, after the price has trigger the first trade and proceeds to drop and break and retest the 1st Daily Ke Lvl, that will trigger what I call an "H&S B-E.2 SELL signal" that will lead to a 2 level drop to the last take profit point. That drop will form a big double top on the weekly, and it be visible on the monthly as a mini reversal pattern.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji-2k1.
USOIL MARKET OVERVIEW Good evening everyone;
We stood off WTI this week and let it run it's course, we got caught out a few times last week trying to take some trades but they don't always work out. WTI has completely broken it's short to mid-term structure and I only think thinks it's pulling back due to weekly closures. I believe that WTI we continue bearish but the overall bullish trend can't be prevented. I am still targeting $185 a barrel which I think we will get the next leg for once we have the long term trend correction.
Governments are trying to resolve the energy crisis which is being heavily influenced by the price of USOIL. I believe OPEC will make attempts to increase the number of active rigs and output in an attempt to drive WTI down (which it will) BUT only temporarily. This is a train which will not stop until inflations clams down but we're only just getting started.
We warned of inflation, recession and market crashes before it even hit your mainstream media screens.
USOILHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
2306 USOIL make a plan to sell but not nowHello traders,
Oil has made such a strong downtrend after breaking out the long-term trend line.
Now it is standing on a possible week support since it cant just break it in one simple bearish candlestick on 4h chart.
A retest of it with some bullish candles on 1h chart make oil possible to retest a near high 106-106.7first to make a possible double head first.
So if you want to sell it , just wait a new signal round 106-106.7 before making any new move or order. That will make you trade much better!
GOOD LUCK ON THIS PLAN .
LESS IS MORE!
Crude Oil to 98$ Crude Oil to 97/98 area according to Trend-Based Fib Extension, and a strong DAILY support as shown on the chart.
USOIL - SHORT POSITION IN FORMATIONBreak of structure happened 14 June
Daily time frame
LH formed
LL in formation on Daily time frame
usoilIf 5 waves are in off the march 2020 lows during the covid crash then we topped around $130. We should now correct the entire move in the ABC which looks like a Flat because wave A was very shallow. This means that as long as wave B is in already then Wave C should be 5 waves down and test the golden fib ratio around $58. As the ABC reveals itself I would expect it to be not very neat and clean as I am forecasting today and probably develop into a very complex double or even triple correction to wipe out all the bulls. So this is just a preliminary forecast. We will be looking to buy this dip with crypto win profits because after the correction to USOIL is complete we should expect a new impulsive 5 up to start and go way past $130.
Outlook on WTI Crude Oil: Bearish play seenOn the weekly time frame, prices are holding below a key area at 127.80 where we could see further downside below this area. On the H4 time frame, we are seeing a shift in order flow with the break of the recent low at 112.50. A pullback to the resistance area at 114.80, in line with the 61.8% Fibonacci retracement and 100% Fibonacci extension presents an opportunity to play the drop to our next support target at 103.80. This demand area lines up with the ascending trend line, 78.6% Fibonacci retracement and 1.272% Fibonacci extension. Ichimoku cloud is showing signs of bearish pressure as well, with prices holding below the Ichimoku cloud.
June Week 4: USOIL Medium-term trend!Hi friends, I hope y'all had an awesome weekend and ready to tackle this week strong ;)
Today, we looking at a possible bearish trend here on the daily. This trend signal is derived from the monthly where the price is in the bullish half a bats L2 formation that will bounce off or retest the 8 m.a before continuing the patterns trend to its 3rd level. So we are currently anticipating a counter-trend, and when its done we'll hop on the main trend. Let us see how the bulls and bears might behave in either triggering our trade signal or dis-confirming it.
Bulls: -The price will dis-confirm our trade by forming a bullish reversal pattern that will lead the price to bullish break and retest 2nd Monthly Key Lvl (stop loss area) together with 50 m.a (light blue) and bullish crossed short-term m.a's (dark blue and red). If the price does that it will trigger the weekly's double bottoms signal and I'll share it here.
Bears: -The price will bearish drop for the head and shoulders trend together for the 200 m.a (that's visible on the Mt4 chart in white color) and short-term m.a's trend - probably after it has bullish bounced off the Daily H&S Neckline 2, 50 m.a, and bearish crossed short-term m.a's with a bearish reversal candle pattern. That will trigger what I call an "H&S A-E.3 signal".
That's it for today. I hope you found value in this. If you have a different perspective on this instrument, feel free to share it in the comments section or direct message me, I'd love to know your thoughts!
Stay Blessed,
Doji-2K1
USOIL seems BearishAs we know Russia is agree to stop the war with Ukrain and by this we saw much fall on USOIL. There is some chances that might be USOIL rise again to retest it's supply zone then fall from that level.
1506 USOIL update plan to sell today on a new swing Hello traders,
USOIL offically choose to test the upper level and sharply turn down to test recent support on 4h chart.
So our last idea at least make one level right.
Now the plan is keep following 4H new swing down to test new low today SINCE all price action now is running beneath EMAS.
This setup is waiting for one more 4H candle to confirm now strong valid up to destroy the plan.
Good luck on this selling plan.
LESS IS MORE!
USOIL probability short for 107.80#usoil, 9th daily inside bar, 10th insurance bar indication for weakness ahead. 14th june key reversal bar further dictation for lower price ahead. use low risk and divide risk into multiple position. sell with low risk cmp 116.32, more if up 119.20 even 120.90 with stop loss 121.60-70 for target 107.80. 110.20-00 initial support may take profit partially there partially hold for 107.80.
Us OIL going upUS OIL will go up, 100 points.
First we have a break of break of latest support, also we have a break of volume-weighted average price, that will push prices to 120.22
USOIL SHORT UPDATEOn our breakdown we said we'd be looking for shorts this week and that's exactly what we did with this gem.
Perfect entry and into instant profit, we told members we expect a pullback first so this move in the market didn't come as a surprise. We will be holding this trade to just above the major support region.
DON'T MISS OUT, FOLLOW THE LINK BELOW
USOIL-USDMY FORECAST FOR BRENT OIL IS AS I INDICATED ON THE CHART.
IT IS WORTH THROWING A STOP 2.30%.
GOOD LUCK.
Dünyanın en yüce tahtına da çıksanız, oturacağınız yer, kendi kıçınızın üstüdür.
Even if you ascend to the highest throne in the world, the place where you will sit is on your own ass.
Potential Accumulation USOILPotential Accumulation forming in Daily demand, price broke structure on the 10m giving what looks like a SOS and now we've had a pullback into the 10/15m Demand where price has rejected from, i'm looking for price to clear the highs and pump, lets see!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Crude at supplyThe trade has become too obvious and needs a pullback. We would need a serious macro event to get us above $129. Consumers need some breathing room.
