USOIL USOIL strategy discussionIdea: OIL Today's strategy
Oil - Crude (WTI) forum
USOIL USOIL strategy discussionIdea: OIL Today's strategy
USOIL Yasss! I can finally show off the Bearish Trendline (as a red dotted line). I weep for your teeny tiny hearts, Bull Riders.On the Hourly, the market bias just flipped from Bullish to Bearish Market Bias after breaching of the Swing Low of 71.08 with a candle close past that price. Took FOREVER!
Based on Mean Reversion, the bears can take it down to around 69.11, from looking at the Daily.
Later this week, the bullish rally can resume because the Daily is in Bullish Market Bias.
USOIL Current Resistance sits at 71.80 and support 70.18 for the optimal entry buys around 70.18 or sells from 71.80 upon retest
USOILSPOT buy now with target of 71.450USOIL You need to refer to this strategyIdea: OIL Today's strategy
USOIL Sell now Tp1 70.90
Tp2 70.50
Tp3 70.20
Tp4 70.00
stop loss Set own according to your capital
USOIL whats going on over here then ??
USOIL care of scenario nr.2 (red triangle)if this play out as a Symmetrical triangle,
we will see a immediate pump up, after hitting the lower Trendline of that triangle.
X Wave not over yet. next target would be the last swing high at around 72 USD
USOIL What you are seeing is a lack of sellers in the market, the bulls are holding the market truly and well as the fixed range profile shows.More buyers at the top and sellers are stuck in the middle lol
USOIL On the Hourly, we have a Near-Doji along the bearish descent that's highlighted with a yellow marker. It means that the bear run has more to go before a bottom reversal pattern shows up. There's a Swing Low at 71.08 that can be breached. If it happens, then the market bias flips from Bullish to Bearish (directional) Market Bias. But if not, back up for a bullish rally towards the Swing High of 71.80.
