Just my opinion on the situation. I would like to trade short (scalp) trades in this direction for now.
OIL, D1: Waiting break => BUY D1: - Tendency: Strong upward - Test resistance - Below resistance => Waiting break and confirmation ==> BUY H4: - Tendency: Upward - Weakening - Below resistance daily - Move: Channel => Pullback Please support the setup with your likes, comments and by following on TradingView. Thanks
The last analysis gave us a practically perfect target with big profits and a life saver for an early mistake. Now we have enough information to create a guide map for the following months. The way in which the price interacts with the "Key Zone" will be essential to maintain the validity of this analysis. If so, we could be touching at the beginning of March the...
TVC:USOIL Shorting oil with take-profit target of 50.348 and a stop loss of 52.938. According to the daily chart, oil topped and retraced from R1 resistance in classical pivot points, it hasn't been able to close above this resistance and a major candlestick suggests that, for the short term, oil won't surpass R1. MACD is algo turning bearish, its histogram is...
By the new year it should fall down to 38-36.5. Wow...
We have a long opportunity in crude oil now. Crude oil has been sitting at the 61.8% retrace around 45.40ish for the last couple of days. A study of the longer term cycles shows that we have just completed a corrective red zone which actually started in March 2018, this cycle reached a low in December 2018 and will reach its next high in June 2019. We...
The exchange rate corrects. Main order decreasing. However, we are looking for long entry points for intra-day trading. The target price of the exchange rate is 53.3 usd. The current level is 15% increase.
Broken through support and will probably close below it at this point. Massive sell-off. Bears are still in control but what if 50.00 is a good support? Is this a false breakout? I'll look for selling opportunities as it retraces to 50.00 or 54.00 but I'd need to see a good reason to keep selling when it looks like this trend is running starting to slow down.
Keeping the previous analysis continued, we slightly modify our expectations for the motion track and the target price. The slowdown in the exchange rate decelerates. Movement will look like a widening but downward-looking band. Correction and main waves can be the same size. Therefore, the trader may be a winner with trailing strategies. The target price for...
WTICOUSD Trading Bias: Short Technical Strategy: Flag
WTICOUSD up to 40 usd free fall. The exchange rate builds a second downward wave of a dual wave structure. Its size may be similar to the first one. Therefore, the current decrease could be about 23% from the current level. The exchange rate drops close to 39-40usd. Correction is made when the exchange rate is in contact with the axis of the wave axis. No further...
Not only did I rate the exchange rate movement, but I made a mistake in calculating the correction level. That is why I re-evaluate the course of the entire exchange rate movement. Based on the current data, it is assumed that the exchange rate will continue to decrease. Currently, a correction has begun which may last up to 58usd. Then we expect another downward...
Oil is about to bounce off the weekly support. 11 days of non stop selling, we just need one capitulation event and swift reversal to set a temporary bottom here.
We expect further increase from this level. Before a larger lift we expect a triangular movement in the triangular shape. In case of an outbreak of this form, the exchange rate is expected to be close to 89 usd levels.
oil is strong uptrend 72$ correction over new impulse starts
So this is the second retest from last month's selloff. Is there sufficient supply to push price back down? R:R target - 1:3 SL - 71.85 Entry - 70.85 TP - 67.85
We are at an important decision for WTICOUSD, here are two very possible outcomes . The first is illustrated with the green arrows, and the second is in red. I trade triangles as a continuation pattern rather than a reversal pattern, so I am looking for an upside breakout of the triangle with a retest confirming we will move higher. If we break to the downside of...