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...
As per the larger pattern, expecting down break to reach the pattern bottom.
USOIL LH & LL and Parallel pattern formation in 1 hour TF
USOIL LH & LL pattern formation in 30 mins time frame
USOil Symmetrical triangle pattern formation in 4 hours TF
USOIL LH & LL pattern formation in 1 hour time frame
USOil Ascending Triangle pattern breakout in 30 mins time frame
USOIL Ascending Triangle pattern formation in 30 m ins TF. Based on breakout either you can go for Long or Short
Please do consider that this analyses are only for study purpose ! Please do not rely solely by this idea ,always consult with your financial Advisor before entering any trade.
mentioned reasons of view in Chart. This Analysis Is Done Only For Educational Purpose, Never Invest Or Trade based on this. I have all the rights to be wrong on my views :) - TraderMonk
USOIL HH & HL pattern formation in 30 mins time frame
Long if crossing up level 61% Short if crossing down level 38% let me know your views.
USOil parallel channel pattern formation in 15 mins time frame
USOIL parallel pattern formation in 1 hour time frame
USOIL parallel channel pattern formation in 1 hr TF on 07/08
crude s been in this channel on 30 min for long ... if this breaks upside 0.5 dollar move s possible on monday , although daily view looks doji end of the day .