Day pattern - Descending tri (down) USOIL breakout rejected from the previous high, no bull power to move forward. Should break the hour support & the support below to reach the target.
I hope you can now see how USOIL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
I hope you can now see how USOIL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
As per the larger pattern, expecting down break to reach the pattern bottom.
In dec 2018 42$ per barrel acted as a major support now it is going to be a major resistance , 1st shoulder and head is formed now the price can go down upto 29 $ per barrel .
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
TVC:USOIL ...Hmmm... Now Short, Then Long . . .
USOil has again revisited the contraction zone which has proved to be a resistance again.....as per the wave structure, bias is toward the downside.....and the RR seems to be in favor.
US OIL DOWNTREND STARTS SELL BELOW 57.35 TARGET 1 @ 56.80 TARGET 2 @ 56.5
Short Crude Oil with SL 57.40... it can go 1 to 1.5 $$$ down.
USOIL made a LL on the 4H and I now expect it to move lower for the C leg down.
US OIL || Day chart analysis | #CRUDOIL #USOIL
SL 57.85 (As per you risk-reward) Sell below 57.75 Targets 57.65, 57.55, 57.45