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Usoillong

#USOIL intraday long trade setup Greetings Folks, today I have prepared a setup of USOIL on TVC the analysis is as follows- -the price currently broke out of a range of equal highs, this is a good sign of bullish momentum - the price is retracing right now, either it can take support from the 50% of retracement or respect the support zone i mentioned in chart - the safer trade would be the latter one, i have marked the take profits also or you can also use pivot point indicator for exit don't play with fire, always use a predefined stoploss
TVC:USOILLong
by profitpujari
Crude Oil Analysis Decoded, A Learning JourneyHello Friends Here we had shared Educational purpose case study of US Oil (Crude Oil) Technical Analysis, A Low-Risk, High-Reward Opportunity. Welcome to this educational analysis of US Crude Oil (commonly known as Crude Oil). Today, we're exploring an intriguing opportunity in the world of technical analysis. In the realm of wave analysis, we've identified an exciting prospect in the Crude Oil market. Let's break it down: We've recently completed "wave 4," a significant corrective wave. Now, it appears we're at the beginning of "wave 5," the final leg of the sequence. The Potential So, what's the potential here? Blue wave 5 has the characteristics of being an impulse wave, known for its strong and sustained price movement. In this case, we anticipate it could surpass the top of wave 3, which was at $94.99. Risk-Reward Analysis Now, let's talk about risk and reward. Here's where it gets interesting: Risk We've set an invalidation level at $87, which means if the price drops below this point, it suggests our analysis might not be on track. Reward If wave 5 plays out as expected, it has the potential to lead to significant price gains. Characteristics of Wave 5 What makes wave 5 special? It's typically marked by strong momentum, often accompanied by increased trading volumes. Traders often find this phase exhilarating, as it can lead to substantial profits. Risk-Reward Ratios When considering this opportunity, the risk-reward ratio is a critical factor. The risk, as mentioned, is if the price falls below $87, which is our invalidation point. The reward potential is significant, with the possibility of surpassing $94.99, presenting an attractive risk-reward profile. Conclusion In conclusion, we've identified a low-risk, high-reward opportunity in the Crude Oil market, characterized by the unfolding wave 5. Remember, this analysis is for educational purposes only and should not be considered financial advice. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
TVC:USOILLong
by RK_Chaarts
3
USOIL Crude oil possible Elliott wave counts on hourly chartHello Friends, Here we had shared possible Elliott wave counts on hourly chart of USOIL CRUDE OIL, in which we can clearly see that after low of May 2023 Oil has done wave (1) & (2) of some degree and now we are unfolding wave (3) of same degree, Inside (3) also we had finished wave 1 & 2, and now possibly we had started wave 3 of (3) which may go $ 73 as an equality or $ 76 as an 161.8% of wave 1 of (3), and in wave 3 also we had started wave i and still wave ii is pending, so buy on dips funda will be worth full in this case with invalidation level of $66.77, so if price goes below $ 66.77 then our currently shared view will be invalidated, because wave 2 will never retrace more than 100% of wave 1. Some referral snapshots are shared below, please go throughout, My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Overall wave structure looks bullish as of now Price making lower low while indicator making higher low on completion of wave C of wave 2 of wave (3) I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
TVC:USOILLong
by RK_Chaarts
2
#Crudeoil Upward movement potential with RISK:reward=3 #usoil #commodity #commoditytrading , #NASDAQ, #crudeoil, @crudeoil #USOIL #USOIL UPWARD movement potential with risk: reward ratio 3. BUY at 79.5 with SL 78.28 and Target is 83 Hey Traders, HOPE our analysis is adding value to your Stock market trading Journey. If yes, cheer us with Thumbs up... NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading
TVC:USOILLong
by TanujaK