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U.S. DOLLAR / WTI CRUDE OILU.S. DOLLAR / WTI CRUDE OILU.S. DOLLAR / WTI CRUDE OIL

U.S. DOLLAR / WTI CRUDE OIL

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USDWTI trade ideas

US OIL Completed its full circle of Elliot wave i.e. 1,2,3,4,5. Completed counter waves of A, B and in the process of completing C. Stuck up in the circle. The Lower white line is not likely to be broken. C wave likely to be broken within this line. For execution we will have to refer to 1H Chart. 1H Chart shows price above 200 SMA but 100 SMA is below it. May, take some candles to reverse the situation and may be by Wednesday(i.e.) inventory day of US oil become fully bullish. Please refer to my earlier posts on US Oil. This is just for educational purposes only. I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision.
TVC:USOIL
by rekhi567
US - Oil - Life Time Analysis Three Horizontal Lines have been drawn. Upper most line is the 79.72; showing weekly Horizontal Support. Here, it is showing a reversal. Lowest Line is the line where two previous lines have made trend line. But, these trend lines are not final unless, third valid point is traced. Time remaining for the week to end is around 2 days and 20 h. Please wait for the week to end or the price to retrace from the lowest most line so that a level gets confirmed. Please check me previous posts on US Oil. Link Provided. I am not a Registered Analyst with any regulatory agency. Let you grow and I may following your foot steps. Thank You.
TVC:USOIL
by rekhi567
US OIL - Likely to retrace till 78.25 (45 degree) of more Author uses Gann, Fibonacci and Wave Analysis along with his own indicator, which is a leading indicator developed with reference to confluence of all these approaches. It helps to curtail cumbersome process of PTV(Price- Time and Volume Analysis), while investing, swing and intraday trading. Please refer to Author's earlier post as well.$83.23 is the crucial level where price of US Oil is stuck up. Marked here are two triangles: 1. Bigger Triangle with yellow and 2. Smaller Triangle in Green. 3. Price has already made five waves marked in black. Now counter waves A B & C will be created and then only upward movement is likely to start. Unless there is gap up movement on Monday. Don's go long till common hypotenuses of both the triangles are broken Most likely scenario: 1. Oil will retrace back to $78.25 (45Dereei.e. bottom of this triangle, and if that level is not broken, expect recovery from there to $91. 2. Base of Green triangle is broken, bears will dominate and it may retrace to any of the levels marked as pink. Disclaimer : The content has been created for educational purpose. Author is not a Registered Analyst with any of the National/ International Regulatory Authority. Happy to share. Let's grow together
TVC:USOIL
by rekhi567