USOIL Harmonic AB=CD Analysis and StrategyWe see the completion of an ab=cd pattern on the 4 hr chart for Crude oil. The completion of the ab=cd pattern is in line with our short strategy and we have set our take profit on the green zone. TVC:USOIL
Usoiltrade
USOIL - XTIUSD - Short OpportunityUSOIL is unable to push higher up. It has a weak foundation as support and we can expect it to drop further down below to find a good support before continuing its long term bullish trend, if still strong.
Leave your SL above the last high for enough space to move before the breakdown below.
Crude Oil Double Top - Possible Short NOWIn my previous analysis I mentioned watch the top for a possible short, So Price action tested the top of the expanding channel, tried breaking out but failed, leaving a double top here.
It has broken down the trend line so I am executing my shorts here.
Trade Safe!
Crude Oil bit more correction before a big SHORT tradeTVC:USOIL
Time frame: 4 hours
Trade idea description:
Crude Oil have been trading in a multi-days expanding channel, so far it is just few points away testing the top of this channel.
Over all trend is bearish and market is in a corrective structure, momentum on higher time frames is bearish as well, so keeping bigger picture in mind, i am waiting for this market to test the top of the channel where I see scope for MACD divergence, and fresh falls to be setting up. Stop and targets are mentioned on the chart.
All the follow ups will be posted under the update section.
Thank you for your support.
Trade safe and good Luck!
0131-USOIL Analysis.
USOIL
I told about oil long trend yesterday, and give two strategy for long position.
If you didn't get on the train, focus on the 54.14~54.20.
This trend will continue at least to 56.00.
Support: 54.14~54.20
Resistance: 55.20 / 55.75 / 56.08
Like if you trade, make Ideas or comments with me :D
USOIL - Bullish WedgeWe are currently in a Bullish Wedge which means I expect a breakout to continue the Uptrend somewhere this week.
USOIL - Retest of the Uptrendline? USOIL made a good rally up after making a 1,5 year low of 42.35. How ever I expect a small drop to around the Uptrend line. If the Uptrend line won't be broken we could see another pump to the Resistance level of ~54,20.
To be updated
US oil has rejected its support many timesRepsected followers, as we can see that US oil is rejected it's support level many times because seller try to let it down but failed. Buyers are coming in the market, so be ready for big profit.
US/OIL - Trading plan next week (Long)At the end of the week we closed at a very good support level of 52.00-52.20, as you can see in the charts there are multiple touches with this support/resistance level.
I'm going to open a order for monday.
Entry (order): 52,05
TP1: 54,15
TP2: 55,30
SL: 51,70
USOIL possibility to bullishRespected followers, USOIL rejected its support level many times since last week. In this case we can assume that USOIL will go up from the current market price to defined price on chart. Reward ratio is too much big 1:10.
US/OIL - My idea on the 4H Chart!After this pullback we could see a nice bounce to around 55.00!
Entry: 52.30
First target: 55.20
USOIL - COMING BOUNCE UPUSOIL is now at another important juncture.
we are gearing for a reversal soon, so watch the
blue line fore a bounce up
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
US OIL LONG1. Confluence of inverse Fibb level of 1.786 and 0.618 from the longer time frame.
2. Entry signal from hourly timeframe. HIgher close above previous high.
3. Good RR. We can enter with a small position first and see how we can scale in.
4. Structure support has not been broken.
5. Stop loss can be below structure.
USOIL UPDATE - EXPECTED COMING MOVES - AS WE ALREADY FORECASTUSOIL HAS NOW BROKEN THE SUPPORT LINE
EXPECTING FURTHER DROP TO THE NEXT
SUPPORT LINE BEFORE WE SEE OUR NEXT
SERIOUS REVERSAL IT COULD EXTEND TO
NEXT SUPPORT LINE.
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
SEE PREVIOUS CHARTS
USOIL - ANOTHER DROP THIS WEEKi am expecting this final drop down
will it bounce or break?
I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
SEE PREVIOUS CHART BELOW ALSO
OIL is acummulating at the begining of the 5th bullish wave!!!Profit Target:
67.52
68.14
Stop Loss:
66.22
Have a nice day
US Oil possible counter tradeLooking at the Crude oil, though overall trend is bearish but i just see an intraday counter trade, risk is quite low at this point, i am looking to buy to see if it works out.
Trade Safe.
USOIL UPDATE - as previously analysedUSOIL should continue its bearish drop, but be aware of the possible wave structures that could develop
see previous analysis below
like comment and follow :)
USOIL near term downside target: $67.25Short Term running flat correction looks most likely. Downside target is $67.25 to $66.17.
If it starts to play out that way, it could turn around short of that target since it's running flat. But it looks pretty flat, and so I think the target makes sense.
Next move after that would probably be to the upside, but it could keep going down depending on momentum, fundamentals, etc. Have to wait and see what happens. Cheers -
USOIL Potential Right shoulderTVC:USOIL Potential Right shoulder
All information is given inside the chart and shared this for educational purpose only. Good luck...
