US Light Crude forum
USOIL as long it don't break 65 , target is 110, 130 and higher . . i see high chances that wave from 66.4 to 78.4 is a wave 1. price actually have to finish wave 2 ( without breaking 65 ! ) . i after that usoil break 78.4 with a great bullish engulfing, high chance to see a wave 3 piercing 100 level easely
OIL_CRUDE monday i am hoping 5 % gap up...👍🤚
USOIL If we get a close above 72.81 the bull run will start, easy money 💰
WTI that weekly looking to cross on macD. then i will go buy a MacD-onalds with all my profits.
USOIL or Monday 😃USOIL going down… in a bitUSOIL .786 is a fucking magnet 😂
USOIL target hit check guys
WTI *Intermission:The bullish candle is still tethered to the high of the Inside Day candle (at 71.065), which means that it can potentially drop back down to consolidate again within the pattern if a candle in the new hour doesn't "clear" past the Inside Day's high.
I just wanted to mention that I've been observing the correlation between Crude Oil and USD/CAD for a week now and will until the New Year. After a week of comparing the two, they have a very high inverse correlation that's so far reliable. I can't confidently announce yet that you can double dip in profits to trade both until I'm done with my price action observations.
WTI The 4-Hour and Hourly are now aligned to both be in Bullish Market Bias, so the most profitable moves will be to the upside.You can see on the chart that we've got a market pause. The Inside Day pattern (with two orange lines) has a high at 71.065 and low of 70.405. Price action can range between these ends until there's a breakout with "clearing". If no clearing, then consolidation can keep going.
*Clearing means that a candle has cleared past a price level without touching it anymore with its candle wick or real body (that makes up the open and close).
**A conservative take profit to the upside is 72.242, based on a measured move by the previous three bar thrust without needing to use a Fibonacci tool.
