U.S. DOLLAR / WTI CRUDE OIL forum
USOIL First executive order: 🩳 = 💲
WTI Special Alert!A Double Inside Day just formed on the Hourly that is in Bearish Market Bias. That means that a BIG move is coming, either to the upside/downside.
WTI Switching to the 4-Hour chart, it is in Bullish Market Bias. The bear run is nearing the Inside Day pattern's low at 76.865. If they do a breakout, the bears can also head down past the Bearish Trendline (in red dotted line) to be on its right side. This would flip the market bias from Bullish to Bearish for the most profitable moves to be bearish ones. If the bears reject the Inside Day's low price of 76.865, then the bulls can rise towards the pattern's high at 78.295 for a breakout.
WTI guess we break through the resistance at 77.08. not much volume here. so just a short breath taking. aiming for swing low
USOIL Drastically lower the price of oil and inflation. That's the path to success when economic fluency is lacking in your administration. Reach for the low-hanging fruit. Get ready to drill.WTI careful with buy positions here. we have a huge bearish potential. and gap right under some interesting target points. i guess we see 75.5 - 76 USD Levels soon
USOIL Buy Crudeoil at cmp 77.45 Tgt 78.25 SL 76.90WTI After both an impressive rally, then long drop that was from the Triple Inside Day pattern that produced both BIG moves, the bears on the Hourly may reject a multi-layered S&R Zone with their lower wick. The bears' momentum is losing steam to retrace to the top of the previous Zone above them (or higher), then back down again. Just in case they have "more oil in their tank", there's three Swing Lows for the bears to reach for below.
*Side Note: A giant W-shaped pattern may be forming with one more, 4th leg to the upside to finish the look.
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