USOIL "M" pattern forming in the 5M. The 2 peaks at around 60.72, base at around 60.22. Is this a valid pattern? or too low of timeframe for it it to mean anything?
CFDs on Crude Oil (WTI) forum
USOIL "M" pattern forming in the 5M. The 2 peaks at around 60.72, base at around 60.22. Is this a valid pattern? or too low of timeframe for it it to mean anything?
XTIUSD we are now on Daily and Weekly support zone,i think first we close GAP and after need to see where we go finally
USOIL like in the pictures...today market moves like a baby. seems to good to be trueUSOIL if you wann buy the pullback. buy it now. think it's last chance. if we break 59.8 down. than more fall could happen.wait for breakout top of the flag.
WTI wait pullback and buy we need to close the gapUSOIL Nikkei hit 1st 7% limit low, 15min break. Not saying it'll hit it, but next ones are 13% for 15mins and 20% for rest of day.USOIL HSR forming. watch closely for breakout. 1min chart
USOILSPOT so risky to buy right now
USOILSPOT next station 57.5
USOIL Heads Up!Doji after a bearish candle (highlighted in yellow) means more moves down until there's a bottom reversal pattern that shows up.
If the bulls want to really go up, they would have to do a candle close on that Gap at 62.17 (or higher). It can't be with a wick, but an actual candle close.
The very tall Falling Window (Gap Down) has strong forces of Resistance to keep the candles moving below it.
Also, the market went into a pause within an Inside Day (shown as orange horizontal lines). Price action can consolidate until a breakout from this pattern's high of 60.55 or low of 59.52.
