WTI (Crude Oil)
WTICO USD BUY (WEST TEXAS INTERMEDIATE CRUDE OIL - US DOLLAR)Hi there. Price is forming a reversal pattern to change its formation. Wait for the price to complete the pattern and watch strong price action for buy.
WTICOUSD ends the fall.WTICOUSD ends the fall. If you look at the oil timeframe for seven weeks, you can see that the decreasing wave sequences are 75% on a logarithmic scale. Let's start with this rule system. Currently, 75% of the WTICOUSD descending sequence is 18,086 usd. This is what I see as the target price for the decline. From this level, I don't expect to move further south. These were the decreasing (white) wave sequences. It is also interesting to examine the magnitude of the response to the decreasing wave sequences. Well, it's also almost geometrically accurate at 209% size. Then use this as a rising target price. Short. I assume that, due to the fractal sequence rules described above, WTICOUSD turns north from level 18,086usd. The rise may be continuous. The rise target price is 54.28 usd
WTICOUSD - 2 hour chart... a relief bounce?3/10/20
I am looking for at least one more low to around 22 for now.
WTICOUSD for Late Comers :)WTICOUSD for Late Comers :) I assume the WTICOUSD 2x D1ATR can turn south and start corrective motion. I look forward to the correction movement to the top level of the 1x D1ATR at 32.52usd. Therefore, from this level (thick yellow line) it is possible to enter a long position. Target price 43.76 usd.
Crude WTI Oil (Saudi Prince tanks the oil price for security)View On WTI Oil (9 MAR 2020)
This is not a decline. It is a Crash.
Does your account get hit badly?
It is time to take trading seriously and learn the importance of Risk Management.
No systems (or) No Guru is 100% right all the time.
That's why we always say "DYODD".
The oil price may find some support near $25 region. Let's see.
DYODD, all the best and read the disclaimer too.
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Waiting for WTICOUSD long entry sign.Waiting for WTICOUSD long entry sign. The target price is 52usd. Oil prices have apparently collapsed. This is what I predicted in my analysis. So far I have been constantly in short position. I am now closing this huge profit and am planning on trading for a long time.
WTICOUSD target price 32usd.WTICOUSD target price 32usd. The WTI exchange started a fractal copy. I look forward to a 1: 1 copy of the original fractal. This means that further strong downward wave sequences may be generated. Target price 32usd.
OIL - DAYLY CHART - DANGER TRENDLINEOIL - WTICOUSD
If to lose the yellow trendline and support(42.206) will go until 25.754(blue line).
WTICOUSD Correctional Rise TP 51.37usd.WTICOUSD Correctional Rise TP 51.37usd. Oil started to make a correction. I recommend the following technique for trading this. The figure shows the yellow thin rectangle. This is the D1ATR range. Apparently, the oil rose higher, indicating that a further rise is expected. So I look forward to back testing to this level. This level is 45.89usd. From this level I move into a long position. The target price is 51.37usd. A STOP: 43.06usd RR: 2
WTICOUSD target price is 40usd.WTICOUSD target price is 40usd. The exchange rate seems to be building a double downward wave system.
WTICOUSD update.WTICOUSD update. The exchange rate can build a 2: 1 fractal copy. In case this process continues, we are done to finish copying the last fractal. So I'm looking forward to turning north from the 48,122 usd level.
WTICOUSD I hold the long position.WTICOUSD I hold the long position. The exchange apparently tested the bottom of the W1ATR correction range. It is also visible (thick red rectangle) that you have created a "spike" symmetrically over this range. Therefore, my analysis of the ascent is still valid. The target price did not change either.
Oil to trade over $100 Beginning of 2019 we saw a change in character with a sharp bull move to 66.20 level end in May 2019.
Oil as been in a accumulation until February 2020 where we saw a run on equal lows. Sweeping out stops positioned below the 50.20 level then trading higher.
This area dips down into the buy zone of the 61.8 fib retracement level. Institutions are defending the 50.5 level with a higher move above $100 handle, with a projected target of 113.20
WTICOUSD increasing uptrend movement.WTICOUSD increasing uptrend movement. The white rectangle in the figure shows the daily correction range for WTICOUSD. We follow a similar set of rules to the previous XAUUSD analysis. In the event that the exchange rate is successfully north of the white line at 51.30usd, a strong uptrend will follow. 1. In case the exchange rate breaks down this level, we wait for the lower level of the white rectangle (daily correction channel). 2.When this breaks, we begin to reduce risk. If these latter two scenarios are missed, we can prepare for a stronger upward trend.
WTICO USD BUY (WEST TEXAS INTERMEDIATE CRUDE OIL - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
WTICOUSD update. WTICOUSD update. WTI has reached the level where a H1ATR Stop level with 2RR TP: 57.68 usd target price to launch long position. Following the previous analysis.
WTICOUSD long waiting for entry.WTICOUSD long waiting for entry. A corrective phase has begun. I suppose the exchange rate could hit 49usd again. Creating this level (technically creating a double bottom formation), I look forward to turning north. The exchange rate is currently 1: 1 for fractal copying. The target price for the ascending wave sequence is 57.68usd
WTICOUSD BUY (WEST TEXAS INTERMEDIATE CRUDE OIL - US DOLLAR)Hi there. Wait for the price to hit the lower trendline and watch strong price action for buy.
West Texas Oil updateANALYSIS ON WTICOUSD
Welcome to my analysis
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1HR CHart
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Interesting Point of interest In the West Texas Oil.
- Price below 200 day EMA.
- look for sell signals.
- Watch top for sell.
- Watch line for break out to the downside.
- MACD showing bearish divergence
Stay Tuned
WTICO USD BUY (WEST TEXAS INTERMEDIATE CRUDE OIL - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
