It looks like Oil has now bottomed. I am expecting a strong move higher starting within the next couple of days.
I have my first target above but it expected that we will easily run that target.
Long bias on CL, let's go!
As previously predicted I said there would be a drop on oil and it accelerated today.
Now is a good time to take some profit off the table as larger retracements can happen from here.
The yellow circle is my previous post BEFORE the major move occured.
Stay tuned Ninja's!
OIL is creating numerous bearish signals and it appears as though over the weekend and monday we will have a significant drop lower.
The sp500 is also going to drop on monday so maybe some news will come out about oil over the weekend that will affect the markets in a negative way.
Strategy works on all instruments.
Lovely buy on oil, running over +200 pips.
Lets see where this goes, could be a big one but we will now wait for TP2 - to make risk free and/or close on opposite signal.
or more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
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I will begin WTI ZeroMarket CrudeOil Chart Analysis for April 24th .
30 minute chart, long position strategy.
On the blue path,
If , green parallel line Break Away,
Strategy is invalidat.
Here are some levels I think would be worth considering, this is based on volume traded at these levels as well as time spent and over all confluence. If you think these are helpful in your trading please line, share to let me know I should continue to share these in the future.
If MPP (S1) functions as a support line, think long.
The first limit is 70.00
The second limit is under MPP (P) 70.77
The third limit is under YPP (R2) 72.62
I would be grateful if you like it idea,give me follow or agrees!
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line:...