USOIL Trading Tip: Take a look at the 6 confluences for this strong bullish trend: - Giant W-shaped pattern that formed a Double Bottom; - Tweezers Bottom that created a Resistance Line; - Bulls bouncing up from the S&R Zone; - Triple Inside Day that foretold that a very BIG move coming; - Bullish Pressure Zone; - And, Ascending Triangle formed by the Bullish and Bearish Trendlines (in red and green dotted lines).
USOIL If you think this is a crazy bullish pump, did you see the S&P 500 and Nasdaq take a nose dive to the Center of the Earth?
During this past week, from last Wednesday until Friday, the S&P-500 Index lost $100 BILLION per Trading HOUR! The total Trading Hour Loss was Two TRILLION Dollars!
Then, after the market closed on Friday, S&P-500 futures erased another $120 BILLION within minutes.
And, if you look at the Dow, it dropped 1,000+ points, from Thursday until today: tradingview.com/x/SDRzYi1v/
USOIL Back to the Hourly that is in Bullish Market Bias. A retrace is coming, which can be anywhere between 70.67 or with a deeper retracement to around 69.82 (based on Mean Reversion).
The bullish rally can continue after the retrace because two Swing Highs had been breached earlier, reinforcing the Bullish Market Bias. Also, the Ascending Triangle formed from two trendlines on both the Hourly and 4-Hour encourages a bullish trend.
WTI Based on ๐ฅThief Trading style technical and fundamental analysis๐ฅ, here is our master plan to heist the XTI/USD "WTI Light Crude Oil" Energy Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk ATR Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. ๐๐ธ"Take profit and treat yourself, traders. You deserve it!๐ช๐๐
Entry ๐ : "The heist is on! Wait for the MA breakout (71.000) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. ๐I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs.
Stop Loss ๐: Thief SL placed at the recent/swing low level Using the 1H timeframe (68.500) Day / scalping trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
๐ดโโ ๏ธTarget ๐ฏ: 73.500 (or) Escape Before the Target
๐งฒScalpers, take note ๐ : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money ๐ฐ.
๐ข๐ฅXTI/USD "WTI Light Crude Oil" Energy Market Heist Plan (Day/Scalping Trade) is currently experiencing a bullishness,., driven by several key factors.
๐ฐ๐๏ธGet & Read the Fundamental, Macro, COT Report, Inventory and Storage Analysis, Seasonal Factors, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check ๐๐๐๐
USOIL Trading Tip:
