Buy crude oil 2844 stop loss 2815 Target 2897 / 2924 Fibonacci and GANN always rocks follow us support us and research with us
First, let's talk about the previous update of crude oil. There, I have drawn the symmetrical triangle bearish pattern on the hourly chart of MCX's crude oil. I had written for the day traders, " ...the last expected stop is at E. So, we may see crude oil at/below 2840 – 2820 level ". THESE TARGETS HAS REACHED. And for the short-term traders, I had...
FOR THE DAY TRADERS: MCX Crude oil has made a symmetrical triangle pattern, and that indicates a bearish continuation. At present, its price is moving inside the triangle pattern. That's a consolidation area. The prices will keep playing sideways here. Intraday traders can sell or buy based on control price. The last expected stop is at E. So, we may see crude...
Midterm forecast: While the price is below the resistance 43.60, beginning of downtrend is expected. We make sure when the support at 30.85 breaks. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the...
Short CrudeOil (MCX) Near the red downward trendline. Use a 1 Min time frame to enter into the trade
Please Note : These are buy/sell level . these levels has to breakout in minimum 15 min candle .. Reaching this level is not valid & Fake break out can be identified by RSI and other indicators
Crude Oil is left with some more beating Trade Plan 1 Short sell for immediate target of $21.76 Continuing its downward move which should conclude near $21.76 if EOW ((C)) and Trade Plan 2(will be active only after trade plan 1 reached target) Short sell for deeper target of $9.83 EOW 3 of Y around same level of $9.83 of cycle wave We can see sharp...
overall downtrend .... this is short time long trend .... RSI divergence in 2 hour chart
Crude Oil positional short good at 63.55 Level and target 1 = 60.88, then target 2 = 59.40, strict stoploss of 64.70.
RSI divergence in us oil .....ready for fall... Refer chart ...
Crude oil 4h technical-looking weak. Bear pennant on the price itself and a rising wedge on 4h RSI both combination suggests a strong bearish sentiment. upcoming week we can witness so many stupid repeated news like economic slowdown, trump - china, Iran war, trade war,. and so many never-ending shits. so, technically we have to gauge the price where it's heading...
scenarios. 1. we got an H&S and it's brokeout too 2. a pennant that looks like it broke out too. 3. there's a double top 4. there's a 50% fib level retracement 5. overall retail market views is bearish. price 51.73 and 60.70 is an either side negotiable deal. conclusion: views is bearish technical is bullish. waiting for a strong breakout to either side so...
We may get a double top before falling down bcos there will be a pullback to liquidate bearish momentum. Downside target 53.23 and 52. Reason: Confluence 1. Rsi fourth consecutive touch on the upper trendline suggesting a downfall. 2. price confirmation at 57.13 three falling methods and touched the upper trendline. 3. price reached at 0.618 and 0.50 fib level....
price gap between 54 and 51 is crucial.. reversal may happen and if double bottom rejects then strong bearish till 42. keeping in mind Crude oil dropping from 60.70 and the previews H&S has been completed.