Triangles, Descending Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
Step 1 Price breaks below cloud Step 2 Blue line crosses below Red line Step 3 Buy at open of next candle Step 4 SL above breakout candle Step 5 TP when Blue line crosses above Red line
CL1! Previously suggested that crude oil would see $38 when we saw price slide in Q4 '18. I still anticipate this happening especially after this false rally up to $63 or even another push up to $68. Anything above $69/70, tells me the LO's are in and I would revise the forecast. In other words, we stay under $69/70 and I would expect to see sub-$40 oil.
As show in the chart.
Hi Guys, following Trump's tweet at the beginning of Week8, Oil ranged throughout Week9 entering Week10 with a bullish bias due mainly by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall in U.S. drilling activity. This is an arm wrestling US vs OPEC between 57 and 55....
Iron ore futures contracts have reached two-year highs driven by a dam collapse at a Vale mine in Brazil. The work of the mine was suspended, which affects the volume of supply in the market. Such an accident is difficult to fix in a short time, and the market agrees. We see it in the prices of long term futures contracts. Since the accident, the rise in the...
Channel down pattern identified Entry price: 69.71 Target price: 90 Stop Loss price: 63.94
CL1! : Bearish divergence beetween Indicators, Stoch RSI is overbought. First target 65$ , if price breaks the blue line than can reach 50-45$, if we are bounce - than this is like Elliott Waves 12345 to the 90$.
I suggest a sell on a break of the #2 point (72.14) with your stop loss above the #1 point (75.46). Targets are 69.00 and 66.00. Be sure to size your trade appropriately. Do NOT bet the farm.
Crude broke a year long up trend line earlier this month. It has now tested the bottom of the up trend line several times and looks ripe for drop. Take your loss on a daily candle close back above the trend line . Target the three indicated levels. You can even hold a portion of the trade for the June 2017 low. Follow your stops as the trade moves in your...
Trading Signal Short Position (EP) : 62.80 Stop Loss (SL) : 62.85 Take Profit (TP) : 62.35 Description CL1! formed Double Repo Sell at 1h time frame. Trade setup with sell limit at 0.618 level of FR (62.80) and place stop loss after 0.382 level of FR (62.85). Once the position was hit, place take profit before an agreement (62.35) Money Management Money...
Trading Signal Short Position (EP) : 63.05 Stop Loss (SL) : 63.75 Take Profit (TP) : 62.00 Description CL1! have reached day resistance zone and about to go down for correction. Turtle Soup was formed during 4h time frame. Set up sell stop at 63.05 and place take profit (Buy limit) before 0.382 of FR (62.00) Wait for the market price hit entry point then,...
B&B Pattern. Trade setup with Stop Buy position (EP) at 63.50, Stop Loss (SL) at 62.50 and Take Profit (TP) at 64.30 Money Management I have 17,000 USD in my portfolio. I can lose 10% of the port which is 1700 USD. Position Sizing 1 Tick = $1000 1 Contract size need IM = $2,310 (I can open not more than $17,000 / $2,310 = 7.35 Cons) It is 1 Tick from EP to...
Hi guys! Not a technical analysis, more of airplane lovers analysis. I'm forecasting Boeing price climb upto 192 as there are more and more interest in their new 737 family aircrafts. They did a lot in terms of fuel efficiency and introduced longer fuselage. New CFM engines, new signlets look amazing and they decrease fuel consumption by manipulating aerodynamics.
Buy above 48.30 Tgt 50.90 Stop loss 47.50 if trade activate.
Bounce-a-thon You can wait for the 50.13 resistance to break to go long or go long now and have a stop at 47.52. However, there seems to be a better risk/reward if you go long after 50.13. Be patient with this kind of setup since it's a daily chart. Also, I'm new so please trade accordingly.