Crude Oil Ascending Triangle pattern formation at 30 mins TFCrude Oil Ascending Triangle pattern formation at 30 mins TF
USDWTI trade ideas
Reason for CrudeOil breakout failure on 21-12-2020Ascending 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 TFCrude Oil Ascending channel support channel breakout at 4 hr TF
Entry - 3490
Stop Loss - 3515
Target 1 - 3470
Target 2 - 3450
Crude Oil Ascending parallel channel at 2 hour TFMarket Analysis - Crude Oil is still inside Ascending parallel channel at 2 hour TF and it's approaching S4 zone
💡WTI . Weekly Technical Analysis UpdateMidterm 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 WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 74.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USOIL (SUPPORT & RESISTANCE ZONE)Trade according to the support and resistance line.
set your stop-loss and trade.
USOIL Ascending parallel channel formation at 15 mins TFUSOIL Ascending parallel channel formation at 15 mins TF
USOIL Ascending parallel channel formation at 2 hour TFUSOIL Ascending parallel channel formation at 2 hour TF
USOIL Parallel channel reversal at 15 mins TFUSOIL Parallel channel reversal at 15 mins TF (Short)
Entry @ 3473
Stop Loss @ 3488
Target 1 @ 3458
Target 2 @ 3443
