After rallying strong off the DEC '18 lows -which elevated WTI more than 40%!- and as prices gradually approach the 50 Fib level of the whole gargantuan sell-off move dating back to the last October high all through December of 2018 and with the RSI already in overbought territory, I assume it is now time for some rather prolonged rectracement/correction......
The price is currently near the peak of an overbought 4H Channel Up (RSI = 76.597, STOCHRSI = 99.117) which is the Higher High extension of the 1D Channel Up (RSI = 69.418, MACD = 1.160, Highs/Lows = 1.8686, B/BP = 3.5340). The Higher High zone is inside 60.00 - 60.70 and as soon as it is priced, the 1D Channel Down should pull back to meet the inner (4H) support...
hey guys, from my previous analysis of wti we see that the market has recently touched a very significant potential reversal zone. taking into account overbought rsi we can look for selling opportunities. this head and shoulders pattern is a perfect way to catch a pullback with your targets based on structure. just wait for a bearish violation of a...
WTICOUSD (US OIL) Uptrend Trend: Up trend (signal: strong buy) Long on EMA50 (57.338)
The USOIL is looking for $60 dollars per barrel, but the 200-daily moving average is at $61.90. So what are we expecting then? The price already broke clusters and walking through 200-daily moving average, the tiny trend is still going up, the 50-daily moving average is crossing the 100-daily moving average, so we still have a bullish signal. Not convinced yet? It...
Check out the link below (time for natural...), this is just another SELL following the previous idea
Today in the world, all the central banks are too artificially trying to control all the market. Although their attitude will ruin all the system eventually, currently I guess shit tons of money will be prepared for us in this choppy season. Get tons of money and prepare end of system by gathering actual gold bar and safe house.
WE WILL WAIT TO BUY FROM 54-55 AREA, NO GOOD HERE TO BUY.
1)If break out green trendline, probably will go target in vertical line or 261,80% Fibonacci(US$ 63.49). SHS inverted. 2) Wave B Elliott 3) Strong resistance at the green trendline.
Looking for a move into 65.50 Entry 64.80 Stop 64.65 Limit 65.50
Will see the close of today but we could may see the top of the right shoulder on WTI Oil TVC:USOIL . It can be a nice price to short to the neck of the head & shoulder and maybe more if the neck breaks. Wait & see
WTI rebounded on Monday exactly on the 28 Jan low = 51.158 and 4H support and is now close to the 54.245 Resistance. If it gets rejected it creates the opportunity for a new short towards the support as 4H is forming a Head and Shoulders pattern (overbought on the Right Shoulder with STOCH = 83.318, STOCHRSI = 92.174, Williams = -13.879) and 1D remains neutral...
HELLO, Technical, H1 TIME FRAME 21 Ma Crossed 50 Ma, AND 50 Ma approaching 250. There is a chance the price continue falling, HOWEVER 49-50 AREA SHOULD and most likely will Offer a very strong SUPPORT, and price is expected to bounce FAST from there as buyers will jump in. ALSO THE TREND LINE is broken and closed under it. Fundamental, OPEC has announced cut...
EURCAD SWING TRADE IDEA