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US Oil - Live Market Analysis Marked is a green channel, if price stays below it, will act as a resistance, so please buy above it only. Yesterday's time candles which were important are 10-26-23 1:35 PM; Today's important candle is 10-27-23 7:18 AM Future candles are 10-28-23 1:01 AM 10-28-23 6:45 PM 10-29-23 12:28 PM 10-30-23 6:11 AM 10-30-23 11:55 PM 10-31-23 5:38 PM Please ignore and candle falling on holidays. Price Levels are: Today's Low 83.45 Sell Below 78.94 74.56 70.30 66.17 Buy Above and Levels 84.59 85.74 88.08 92.83 97.71 I am not registered analyst with any National/International Agencies. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits, losses.
TVC:USOIL
by rekhi567
Crudeoil will continue upside move 91 then 97 next levelOn Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
BLACKBULL:WTI
by JaiPrakashShuklaHarmonicTrader
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
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