Technical analysis on WTI: Key levels & trading plan explained.
Update - My post April 2, 2020, "Bitcoin & Big Oil" . First point of interest - Using MACD of USOIL (WTI) point before precipitous decline. See what happened when bitcoin closed month end above $365 NOV 2015 and thereafter. Notice in each case c.55% drop before rise. Bitcoin has yet to close out month above $9084.7. Second point of interest - Monthly Dollar...
hey guys, crude keeps growing steadily! the price has easily gone through 18.5 - 20.5 resistance and now it turned to support. our next key daily resistance is 28.6 - 30.6 zone. look for a reversal formation within this area to short. in case of a further bullish continuation, the second resistance will be 34.0 - 36.0 area. if this zone will be reached, the...
Zones created using crossovers of Monthly 20 MA on VIX close & 20 MA of same. Like end of crash in 02 & 09 some bulls and bears think this crash will only be confirmed over when TNX closes month above 1.34. See what happened to OIL, GOLD, and DOLLAR last time (green verticals). White verticals denote VIX peak (no guarantee reached that yet). Caveat small sample...
Oil prices are as shown below : Peaked at 1 July 2008 -147 $ plummeted to 35 $ Peaked at 1 July 2014 -107 $ plummeted to 28 $ Peaked at 1 July 2018 - 77 $ plummeted to 21 $ (You can see this in my profile exactly predicted in September 2019 as of 21 $) Will Peak at 1 July 2020 -60 $ will plummeted to 9.71 $ So until July 1 2020 May be long after badly short.
hey guys, reading news outlets and ideas on tradingview, the forecasts are all bullish right now! people are urged to buy from any level based on the fundamental news. be very careful! though we truly see a dramatic shift and strong bullish rally this week, don't forget that technically the trend remains bearish! moreover, currently, the price is trading on...
In this video I explain how you should be trading the current market movement and conditions. This video is more educational than anything else.
Ok so we've got a big selection of trades today... 7 active setups ! Enjoy the video!
Looks like market finally broke out to the upside, a long-awaited move.
We didnt release a daily watchlist video in a few days... but we are back! Today we are on a mission to recover some losses from yesterday and get back to reaching our 6.5% profit target for the week. We have quite a few trades going on WTI and many forex pairs so watch this short video and understand what we are doing and why.
Hey all, The video speaks for itself, we are shorting WTI and buying EURUSD, we might take action on USDCAD... but our target for the day is to grab some GBP pips during the BoE meeting! Enjoy the video
I would not be surprised if we see the fall of the WTI and S & P500 this year. Although there are always alternatives
Using bitcoin MACD (log scale) minus histogram
Bitcoin going down; USOIL going down (USOIL MACD line, Signal line, Histogram, all negative);SPX going down. Deja Vu? NOT ADVICE. DYOR
Someone brought this to my attention in oil chat and decided to have a look myself and you really do get to see so many tradeable scalping opportunities. Never bothered to look at oil this way before, but this is very insightful to me, thought I ought to share. If you are a pattern trader, then you really ought to start analyzing market this way in my...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...