us oiloil is cooling down for sure.elliot wave is finished and now the correction wave will undergo. not a financial advice
Usoilshort
Symmetrical Triangle and Fibonacci Golden ZoneCrude trading around fib golden zone as long as not closing above supply zone expected to reach the given target Let's see
USOIL TRADE PLANWeekly, based on what I've seen, they've already managed to break out.
As a result, I want to short this between $93.47-$94.22, with a target of $84-$85.
Any rejection between $84-$85 appears to be a good entry point for a trade to $100-$107.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
US OIL MARKET ANALYSIS - WEEK 7WTIUSD - ANALYSIS
From the last post we can see that price has followed projections almost perfectly. At the start of the week we took a short which was stopped out. Unfortunately we were in the market to early but I am still happy to see that we can predict the moves of the book markers.
OIL declined due to easing tension with Russia but an agreement has not been met so price can still be volatile. We took a long from 90.80 giving us a total of 210 pips profit from where we took profit. Some followers are still holding for the swing. Above $93 and OIL will be bullish but below we can test the daily lows again and even dip lower to 90.20. 90.20 is the absolute maximum bearish threshold OIL can endure as any closes below it would change price structure.
On the daily OIL created a new lower high which is a good sign of more upside to come but again OIL needs to go above $93, if OIL does get above that region then $97 is the next target. I am currently assessing price and waiting for the next entry.
Any peace agreement in Russia and OIL will take a serious hit but inflation is still a driving factor at this point.
US OIL LONGUSOIL
USOIL closed very BULLISH and price should push further from the current location. Inflation and global tensions will keep pushing up the price until a significant drop is seen. I will look to short USOIL to its next buying location where I will buy. USOIL is wild and becoming parabolic again so it will follow its own chart structure.
US Oil : An Short ideaUS Oil is in a weekly oversold bearish Divergence and is currently at a daily resistance trendline. Taking shorts now has a good risk : Reward Ratio
Also, The weekly chart has a broadening wedge pattern and is topped out now
Short for USOilSince the dramatic drop May 2020, USOil is in the bullish momentum. It has been in this bullish channel and whenever we touch this trendline, we got reaction. I expect further drop upcoming weeks due to agreement of US and Iran as well. However, markets did not react yesterday. I am betting on a short position, i will go for BE if we reach 88usd, also i am looking closely to USDCAD pair as well.
Us Oil ; 10th Consecutive Weekly Bull Candle? Or 94$ Supply HoldI like the fact that market structure closed high on Friday, punching out a new High to end the week. It seems like the markets reaction to the Friday Ukraine/Putin News was bullish.
However, as a practical thinker, it makes sense for me to look for high risk to reward shorts here, will be keeping an eye on 20m Timeframe market structure for LL's and LH's. Looking for swing trades
back down to 91$ this week dependent on market structure for the first few trading sessions of the week
USOILHey traders, in the coming week we are monitoring USOIL for a long term selling opportunity around 94 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Oil Possible Top?We've been tracking a count on US Oil and it looks like the intermediate top is in for wave 1, if that's the case we can set up for a nice short trade for the wave 2 coming down to the 75-80 dollars range. If you do want to make this trade we'd suggest putting your stop at 92 dollars with a take profit at 80 giving a very healthy 1:5 risk to reward opportunity.
USOIL time for a correction? USOIL / 1D
Hello traders,
As an update on my previous ideas on Oil, we have got the first rejection from our desired level, for the next week's whatchlist,
I'll be looking for a reverse trade for a deeper correction, from now on I'll be looking for reverse patterns on lower time frame before going short.
Stay tuned for updates.
Trade safe,
Trader Leo.
WTI/USOIL SELLWTI/USOIL SELL, This is what I am looking at, this could be a long term sell if get more downside confirmations.
USOIL Short ZoneDon't forget to Click on the follow button for more Daily Detailed Analysis. Please do ask any questions in the comments section should you have them!
Here we have our USOIL chart.
On the recent rally to new highs we are seeing some price rejection. After the first stage of a downmove we are seeing an intraday setup to the short side.
This is denoted by the Candle wicks forming and a move to a key resistance zone forming our short bias. Note this is an INTRADAY trade and is short term. News sentiment awaits.
Use Eclipse symbol for exit.
Nice Potential Wyckoff USOIL - Nice Schematic almost complete, i've entered this trade early just in case we don't get a pullback to the imbalance below which would be my ideal entry, (If we do im happy to take the DD/buy in again as long as we get the LTF confirmation and the structure doesn't break).
I'm trading with the HTF bullish PA and structure, we have many confluences to go long here.
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 SHORTS 📉📉📉📉 Expecting bearish price action on a intra-day basis on this asset as price takes out previous daily high and asian highs meaning a reversal should occur
What do you think ? Comment below..
BOS - BREAK OF STRUCUTRE ✅✅✅🎯 WHAT IS BOS ?
BOS - break of strucuture. I will use market strucutre bullish or bearish to understand if the institutions are buying or selling a financial asset.
To spot a bullish/bearish market strucutre we should see a higher highs and higher lows and viceversa, to spot the continuation of the bullish market strucuture we should see bullish price action above the last old high in the strucutre this is the BOS.
🎯 BOS for me is a confirmation that price will go higher after the retracement and we are still in a bullish move
Kindly see attached photos
HTF intention with LTF execution 📉📉📉🎯 I will try to explain how do i use HTF in order with LTF.
✅ HTF - higher time frame usually those are timeframes that are higher then H4 like D1,MN1.
✅ LTF - lower time frame usually those are timeframes that are lower then H1 like M30,MAT,M5
When i take trades i wait for price to approach a HTF POI and then zoom out on LTF to find a better risk-reward entry like the photo says HTF intent LTF execution helps you to get a better risk-reward ratio and a higher probability trade, this is working on every financial asset from crypto to forex to commodities and stock market
✅ POI - POINT OF INTERES an area in the market where price have a higher probability to go bullish then bearish lets say 70/30 % probability.
Example price come into a ,,support,, area this means we have a BULLISH POI we have a better probability to go higher then lowe
US OIL MARKET BREAKDOWN Good Evening everybody and welcome to tonight's breakdown //
Just to introduce myself I am the new analyst for USOIL_SIGNALS so I hope you enjoy my charts.
OIL has been declining since kissing $93 a barrel and is currently having a steep correction compared to the last one we saw and this has been marked for you. Below 89.40 it's likely that we will see oil meet the very bottom target and a low point of 84.33. If oil doesn't break 89.40 then it should continue to the upside...Oil has been in a steep bull run with little pull backs due to the economic data which has been released. Russia will have no effect unless war breaks out or sanctions are in place as modern war is now my guns are bigger than your guns...don't get excited and jump on the media hype!
I am favouring the bottom liquidation region as my buying area as this will have provided oil will a deep correction, a major liquidity point due to the range zone and it would also complete the bottom of the higher low trendline which we haven't tested in a long time. If my bur orders are fulfilled then I will be targeting $94-97 for around 1000 pips profit.
Yours truly - B
🔔Will OIL finally correction?After the explosive growth of oil, there seems to be a need for reform. What do you think, are we seeing an increase in oil prices again?
What do you think? I'm happy to comment❤️🌹
Usoil ready to drop are you ready if ready follow meUsoil ready to drop are you ready if ready follow me our ist step strategy when market break the d1 HH then if break in 4 H structure it mean ready to reversal
we expect a bearish move
US OIL MARKET BREAKDOWN Happy weekend traders;
Lets get into oil...
OIL pushed towards the 92.50 zone which was marked on the last breakdown, we didn't take a long in the market because we were stuck in a ranged area and as we know we can break either way in a range area. OIL is pushing up inline with inflation and again has broken the trend. judging by the candles shown oil will have a normal pullback from this region and I aim to take the long should the appropriate set up come through.
There is nothing new with oil and it is respecting all projections stated in the breakdowns.
