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Wtioil

WTI OIL Emerging 4H MA50/100 Golden Cross. Rally ahead?Simple fractal comparison on WTI as the price is consolidating since the March 23 low and is approaching the Higher Lows trend-line that started on December 01. As you see the current price action is quite similar to the late October - early November one. After the 4H MA50 crossed below the 4H MA100, a bottom was formed a few days later. Once the two crossed again on a Golden Cross this time, the very aggressive rally of December - March was initiated. We are on a similar situation right now. Has the March 23 MA50/100 Death Cross priced the Bottom? And if yes will an emerging MA50/100 Golden Cross kick-start a rally? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> hujianghua --------------------------------------------------------------------------------------------------------
NYMEX:CLM2021
by TradingShot
WTI OIL should avoid this fractal at all costs.I don't call it Fractal of Doom for nothing. As you see WTI Oil hit the 2 year Resistance trend-line (red zone) that was first created on the April 23, 2019 High, and got strongly rejected on March 08, 2021. This is a Triple Top (counting the Jan 08, 2020 almost hit). A common characteristic of all three rejections is that after the initial drop, the price consolidated (orange rectangle) around on the 1D MA50 (blue trend-line). On the first 2 occasions, a bigger fall took place after this consolidation. Will it happen again this time? It is worth pointing out also the important of the 50.00 - 51.00 zone (blue) as a long-term Support. It didn't only hold from January 2019 to January 2020 (broke due to the COVID pandemic) but also on January 2021. If the bigger fractal fall comes after the current consolidation, will that (blue) Support Zone hold again and cause another lengthy sideways period between this and the (red) Resistance? I am really interested to read your opinions on it. P.S. See the RSI similarities ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
1
Crude Oil - Thoughts for 5 April 20218 hr chart with monthly view Possible flag forming starting 23 March with last leg under development 50% retrace from 23rd low is 62.5x Volume profile from March is outside of February which could be indicating a sideways month April S1 is 55.1x and R1 is 65.8x and could possibly form the trading range for the month Short term looking for a setup to take price first to S1 and then to R1 toward end of April 4hr Chart with weekly view Looking at flag on chart with last leg under development Volume profile for coming week inside last week's indicating a possible breakout week Pivots compressing week over week with previous week compress 41% and this past week an additional 28% Looking for fill of flag then larger correction down to April S1 (55.1x). Not sure how fast correct will occur or if this week consolidates more. Weekly R1 is 62.71 and potential target for top of flag 100 tick renko DEMA flipped negative signaling more down to come looking for red brick with long wick high for trigger to buy June Puts {/list] 50 tick renko Flag developing. looking for completion to find a signal or trigger
TVC:USOIL
by mxb1961
USOIL/WTI/CL (crude oil) 25% retracement, next bullish explosionFirst of all: Where are we? For having a better idea about the scale and location of my analysis, I added this snapshot of the chart in the weekly timeframe: About the core of my idea: My analysis is based on the weekly AND 13h timeframe. Well, once again, I spotted an interesting downtrend channel in the weekly. And as always, I am waiting for the price to come back down, and retest said channel. This time, I am waiting for it to find support on the middle of the channel. That expectation is fueled by the following: In the 13h timeframe, I found a channel, which has already proven to be reliable, as the green rectangles prove. As always, I won't try to catch every move, but just the ones I patiently wait for to happen - and I will only take the chance if everything works out as planned - or I will replace my analysis with a newer one. I don't desperately chase a trade, and if my scenario doesn't happen out as expected, I decide to miss out on the trade. Remeber, there are plenty more opportunities to make money in the market - on a daily basis. So, I'd recommend to quickly move on if something doesn't work out properly, and look for a better, more reliable opportunity. Even if that means to miss out on a 60%, or 178% move. Be patient, and have a strict trading plan about WHEN to execute a trade, and WHETHER to execute it, or better skip it. So, what is the core of my idea? I am waiting for oil to continue its correction until it enters my buy area (50.10 USD). When it comes to "timing", I am expecting the price to ideally find support when both channels meet each other, and when it hit my buy zone of 50.10 USD. From there, my trade setup will look like this: I am using a very tight stop loss in this trade, because there is a chance, price just pierces through this support area, and re-visits the lower areas of both channels. Due to that, it wouldn't make any sense to extend the stop loss, but instead, try again later, when it finds support in the lower areas of said channels. The initial RRR (Risk/Reward-Ratio) is approx. 47, if it keeps soaring, the RRR may later increase towards 124-ish. I received some PMs about the white "construction" and what it is. Unfortunately, I am not allowed/willing to share what this is about, due to disclosure-issues; All I can say is, that it has proven to be very reliable, and I will always include this "censored" and simplified version of it in my ideas, as it's part of the whole core-idea. It's basically points of reversal, future support and resistance, so basically: I use these white lines for closing trades, or taking profits. Conclusion: I am very confident that we will see prices as high as 80, or even 135-ish in oil at some point, and I don't want to ignore this possibility. On the other hand, I will try to find a RELIABLE entry, and will skip on it, in case it doesn't work out as planned. targets with price-tags: Take care everyone, and thank you for reading. ;) As always, feel free to download this analysis for better understanding or scaling!
NYMEX:CL1!Long
by AlphaTradingGermany
3
WTI OIL Rebound on the 1D MA50Pattern: Fibonacci Channel on 4H. Signal: Buy as the price hit the 1D MA50 (green dotted line) and rebounded while the 4H MACD made a Bullish Cross. Target: 69.00 (the 2.0 Fib extension) and 72.00 (the 2.5 Fib extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> jsunde73 --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
6
WTI OIL Buy SignalPattern: Fibonacci Channel on 4H. Signal: Buy as the price just hit the 4H MA50 (blue trend-line). The region within the 4H MA50 and 4H MA100 (green trend-line) has been the most optimal buy level since November. Also the RSI is very close to its Support Zone. Target: 69.00 (just below the 2.5 Fibonacci extension) and 72.00 (just below the 3.0 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
4
WTICOUSD continues to rise.WTICOUSD continues to rise. Volatility is increasing. My analysis assumes the formation of a fractal pair. The figure shows that the increase in WTI is often done through fractal pairs. This is also shown by the two yellow squares in the figure. The size and shape of the wave sequences found in it are also extremely similar. I assume a similar movement right now. I marked the ATR axes in the figure. I expect the fractal currently under construction to be bounded along these axes. Copies the wave sequence in the previous gray box in its shape. If this forecast is correct, we will see a further increase in the next few days with increasing volatility. Target price: 71,746 usd
OANDA:WTICOUSDLong
by meszaros
2
WTI OIL pull-back needed for next Higher HighPattern: Bullish megaphone on 4H. Signal: Buy once the price touches the 4H MA100 (green trend-line) again. Target: $69.00 (right below the 2.5 Fibonacci extension and on the Higher Highs trend-line of the Megaphone). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Cryptorphic --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
1
USOIL - Growing Channel - Reversal & Breakout Predictions Welcome! What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move! ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments. Mohamed Khalid Rafi , Senior Financial Analyst, Profitlio Trading.
TVC:USOILShort
by Profitlio_Trading
1