Usoilshort
USOIL - APRIL IS REVERSALWe have analyze last 12 years of USOIL data in the month of April. The data supports bulls as 8 out of 12 times the April month give bullish closing. While 4 times bears won the battle.
The most important findout from the analysis is the behaviour of April.
April seems to be reversal or it define top or bottom. During Covid-19 crash when the futures crude oil went to negative, April defined the bottom and we see price appreciated from there.
Similarly, as highlighted on the charts with small arrows, April either defined top or prove to be a reversal point.
This year 2022, The March leaves a big wick on the sellers zone and price retracted back to 30% of the month. It is also noted that the price is trading near the strong seller zone which USOIL has unable to break since Jul 2008.
Have we seen the top and price will reverse from here?
What do you think ?
USOIL for the SellSo Biden is saying that they’re going to release oil into the US market for the next 6 months.
So what that tells you is we’re going to be selling usoil for the next 6 months. Coming Monday you’re gonna have its retrace.
And it’ll come up once and this is going to be your base period pattern on the daily for the next 6 months.
USOIL 102.35 -4.03 % SHORT IDEA * CONT. PTTNS & PRICE ACTION 💡HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
LOOKING AT THE USOIL
* The ENERGY is currently trading in an DOWN-trend , just consolidated, tested the roof of this structure .
- Short term the ENERGY is currently at the supply zone could go lower so looking for possible continuation with the bears.
- Looking for SHORT entries on the THE CRUDE this week should all the rules of the formation be met.
******* CRUDE OIL INVENTORIES YESTERDAY saw an increase in the oil is actually less than expected @ 3.449 M which implies LOWER demand and the energy could react BEARISH .
SHOULD WE BREAK BELOW HERE'S A POSSIBLE SCENARIO SCALLED DOWN TO AN HOURLY TF
So lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
USOIL bearish bais is expected.USOIL / 1H
Hello traders, welcome back to another market breakdown.
The US is expected Release 1M Bpd Of Oil From Strategic Reserve Over the next 6 months which indicates a bearish bias fundamentally. From a technical view, check the chart for the 2 patterns that I'll be waiting for.
Trade safe,
Trader Leo
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bearish price action on USOIL as price takes out weekly lows and fills a bullish imbalance on the H4, we have a clear bullish market strucutre from a HTF premise on this chart and we should go higher somewhere around 120 price area where we have a lot of bearish imbalances.
From a market seasonality stand point we are in a CLEAR BULLISH SEASONALITY meaning the price of USOIL should rise more and more, way above 130$ per barrel.
What do you think ? Comment below..
Shark Complete In Nice PRZ 🦈USOIL - Nice rejection with multiple BOS on the lower TF, waiting for a pullback and this demand level to hold before potentially going long to fill the gap!
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.
SHORT ON UsOilTake a short posistion on USoil as price had bounced off the 50 period moving average in a major downtrend from the higher time frames.
Here is the play I will be making:
USOIL
OT = SELL STOP (PENDING ORDER)
P = 104.20 so really 105.20
SL = 105.07 so really 106.07 = 83 pips
TP = 101.97 so really 102.97 = 297 pips
USOIl - 4h - Long or Short - Ready to engage Short scenario
General
Currently we are below the Weekly open which is in confluence with the HTF range 50% (untested though). The orange level is a weekly s/r level. If price manages to break under the green s/r level (level 1). I expect a move down to the 50% fib level of the recent range. Maybe lower. But given the current situation and that we are generally in an uptrend its better to be careful with shorts.
Fundamentals
-
Plan (Blue arrow)
Target
50% Fib level of the current range
Requirements
- Break under the green s/r level (level 1)
- No break followed by a retake of level 1
- Break of level 2 (blue line)
Invalidation / SL
- Price moves back above level 1 after breaking
- SL slightly above level 1
Time duration
Days, weeks, months, years... ;)
Long scenario
General
If prices should manage to get above the weekly open i am looking for longs.
Fundamentals
-
Plan (Orange arrow)
Target
HTF s/r level
Requirements
- Prices moves above weekly open
- Price move above recent deviation (green circle)
Invalidation / SL
- Weekly open fails to support price after a retake
- SL slightly under the orange s/r level
Time duration
Days, weeks, months, years... ;)
Additional
I linked to another USOil Idea with a different time frame. They dont exclude / invalidate each other. if they occur / develop.
Good luck
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on USOIL as we are in a bullish market strucutre on a D1/H4 market strucutre premise, price filled a bullish imbalance on h4 and rejected a bullish orderblock that should act as a valuable area of ,,support, if you will. We have strong bullish momentum, and i hope for a strong bullish closure on H4 that could sign a potential reversal.
What do you think ? Comment below..
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on USOIL as we are in a bullish market strucutre from a H4/D1 perspective, price is rejecting right now a bullish orderblock area on H4 this area could act as a valuable area of support if you will. Another reason why i think we go higher from there is because price has a lot of bearish imbalances near 120$ area that are still opened price could be magnetize there to fill the price inefficiency.
What do you think ? Where we go next ?
USOIL LONGS INTO 124 📉📉📉📉 Expecting bullish price action on USOIL, as price is still bullish on H4/D1 TIMEFRAME, today price made a retracement back into bullish orderblock on h4 108 price area. Next week's target is around 124 where usoil should fill all the bearish imbalances.
What do you think about this chart? Do you agree ?
Shark Complete In Nice PRZ 🦈USOIL - Still bullish (Weekly, Daily, 4H,1H) Shark has completed, very nice rejection from the demand zone (Completed Schematic on LTF, broke LTF Structure and retested) Took a buy earlier with that confirmation taking 200 points, theres still an order block in the demand zone refined on the LTF that's yet to be mitigated so price could wick into that before continuing upwards, as long as the demand zone holds i'll be looking for buys on OIL.
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.
💡USOIL 109.50 -2.79 % LONG IDEA * CONT. PTTNS & PRICE ACTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
LOOKING AT THE USOIL
* The ENERGY is currently trading in an uptrend , just consolidated, broke out and retested the structure .
- Short term the ENERGY is currently at the supply zone could go lower but looking for possible continuation with the bulls.
- Looking for LONG entries on the THE CRUDE this week should all the rules of the formation be met.
******* CRUDE OIL INVENTORIES TOMMOROW, there is a decrease in the oil is actually less than expected @ 4.345 M which implies HIGHER demand and the energy could react BULLISH .
SHOULD WE BREAK BELOW HERE'S A POSSIBLE SCENARIO SCALLED DOWN TO AN HOURLY TF
So lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
USOIL - OUTLOOK 12USOIL - OUTLOOK 12
Hello traders and happy Sunday, let's no waste time and jump straight into it.
From the last outlook USOIL declined as we expected it to, we caught two nice trades but GBPJPY and NASDAQ came back to bite us and but us straight to bed. USOIL is now stuck $99.73 and $106.41, we must break from here to get a directional bias. We are still very bullish and have broken a descending wedge but it's critical we come back above $106.41 to move higher. Above this region and $114 and recent highs will be the target. Any new tensions or negative news for the war will only drive price up again and once ATH breaks it will be a clear run to $185 which is my cycle target.
If USOIL doesn't break 106.41 but instead falls below $99.73 we will see a quick sell off to $91.27 and even $88. It's all to play for in USOIL and right now I am neutral until either zone breaks with confirmation. It is best to stick to the 4hr timeframe for further and greater confirmation on USOIL to avoid fake outs. The candle closures will play the most important role.
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Inside Bar Candlestick Pattern📉📉📉We will cover the following today:
Inside Bar (Inside Day)
Inside Days
✅ Inside Days are a daily pattern involving two daily candles, we have a day of trade, also known as the ‘mother candle’ and then the following day trades the whole day within the range of the previous day. This is a two-day bias suggesting a potential reversal. A great way to play these sorts of biases is to pre-empt the failure of this reversal, as well as playing the success of the inside day, so what does this look like? Let’s take a look at an example below.
✅ What is an inside bar?
The inside bar is a popular reversal/continuation candle formation that only requires two candles to present itself. This pattern is a direct play on short-term market sentiment looking to enter before the 'big moves' that may take place in the market.
✅ Is an inside bar bullish?
First, unlike other candlestick patterns, inside bars are usually not distinguished as bullish and bearish by their look or color of the body itself, but rather by the location they are at and other peripheral developments
✅ An “inside bar” pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar's high, and the low is higher than the previous bar's low.
📈 HOW TO IDENTIFY AN INSIDE BAR ON FOREX CHARTS
The following steps are used when identifying the inside bar pattern on forex charts:
Identify a preceding trend using price action/technical indicators
Locate inside bar pattern whereby the inside bar is engulfed fully by the preceding candle high and low