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Usoilshort

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.
TVC:USOILShort
by shermzT
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
TVC:USOILShort
by Doji-2k1
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!
TVC:USOILShort
by FUNTRADER-Vera
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.
TVC:USOILLong
by benalistarfx
USOIL (LONG) 🔥🔥🔥ENTRY OPPORTUNITY Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
TVC:USOILShort
by Thewest-sidetrader
USOIL Short Term Outlook |19-MayHolla, Do you agree with my chart analysis? I expect a pullback until my sell line. My plan is to wait for candlestick structure as a confirming catalyst before opening a position. Checklists; 1. Price must touch my entry zone 2. Price bar (4hr) must close below my zone after touching my entry zone. 3. i want to see candlestick pattern ( mostly pin bar or bearish engulfing candle) before looking for entry. 4. Chart pattern like rising wedge would me an added advantage Will update intermittently... Kings.
FX:USOILShort
by Kingsley_lotanna