Crude oil forming Ascending triangle, expanding triangle patterns.
Crude Oil - Ascending parallel channel formation at 15 mins TF
Crude Oil - Symmetrical triangle pattern formation at 1 hour TF
Crude Oil - Symmetrical triangle pattern breakout - Long
Midterm forecast: 46.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 52.38 on 12/18/2020, so more losses to support(s) 48.95 and minimum to Major Support (46.50) is expected. Price is...
Crude Oil - Lets wait and see which pattern it's going to follow up whether parallel pattern or Descending parallel pattern?
Crude Oil Parallel pattern formation at 1 hour TF
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...
Expecting crude Oil to reach R3 Zone as because of Ascending Triangle pattern formation at 30 mins time frame
Crude Oil Ascending Triangle pattern formation at 30 mins TF
Ascending parallel Support channel not yet broken as per 4 hour time frame if we consider S1,S2,S3 wigs as a support channel.
Crude Oil Ascending channel support channel breakout at 4 hr TF Entry - 3490 Stop Loss - 3515 Target 1 - 3470 Target 2 - 3450
Market Analysis - Crude Oil is still inside Ascending parallel channel at 2 hour TF and it's approaching S4 zone
Look for shorting opportunity
Midterm forecast: 43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 50.70, 54.75, 57.80 and more heights is expected. Price is above...