Recommend short on WTI at 30.25. Its about to complete its 5th wave which also coincides with its resistance. Early Next week is expiry and we could see a sell off.
Beautiful shorting setup built on Crude oil 4 hour chart with risk of 2:1. There is a strong supply zone from $ 29.16 to $ 30.04 on 4 hour chart and oil is heading towards the supply zone. This supply zone has been tested only once till now and there is a strong possibility to reverse the trend on this price level one more time. Short @ $ 29.10 Stop Loss @...
Technical Analysis- The 4 hour is down against 1/08/2020 peak (63.87). 1 hour is turning down. However, while near-term dips remain above 6.59 low expect OIL to extend higher to correct the cycle from 1/08/2020 peak in 3, 7 or 11 swings before downside resume. We prefer selling the bounces in 3, 7 or 11 swings at the extreme areas. Sell USOIL @26.10-40 TP:...
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
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
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
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
While all the fundementals news of the oil industry are been Bullish for the OIL PRICE, we are having that Bullish continuation pattern, the Cup and Handle Pattern, Let's wait for the opening market price to confirm the theory, wish you all the luck and most profits,
TVC:USOIL CRUDE NEED TO BREAK 51.3 DOLLAR AND CLOSE ABOVE IN HOURLY TF.. IF IT HAPPENS, THEN WE CAN SEE A HUGE BULLISH MOVE IN CRUDE IN COMING SESSIONS. EXPECTING 1ST TARGET TO BE 53 DOLLAR++++ WAIT FOR THE BREAKOUT AND ENTER SL WILL BE 49 DOLLAR
This is just an View. I m not sure about the call.
Analysed levels mentioned on chart!!! Teaching Technical Analysis, ping me into inbox if intrested...
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
Downtrend targets: 800 – 760 – 700 – 600 Below Traders can stop selling if it closed above the hurdle level or watch out the resistance trendline.
Follow the trend. You can see how simple could it be to trade trending markets. Try to stay away from Ranging markets and Wait for Trend Confirmation. Simple Breakout and Retest Strategy. Use Proper Risk Management. Dont risk more than 3 % for a trade.