False Breakout of Major Resistance Level. A Bearish Harmonic Pattern has been formed. Selling opportunity! UKOIL - SHORT ENTRY PRICE - 88.77 SL - 91.50 TP - 79.20 Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
The price has reached Supply Zone. A Bearish Harmonic Pattern has been formed. Strong Sell! UKOIL - SHORT ENTRY PRICE - 85.35 SL - 87.30 TP1 - 79.30 TP2 - 74.60 Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Prices are on bearish momentum and abiding by our descending trendline. We see potential for a dip from our sell entry at 74.1 in line with 161.8% Fibonacci projection and 61.8% Fibonacci retracement towards our Take Profit at 71.25 in line with 61.8% Fibonacci retracement. Technical indicators are showing bearish momentum. Any opinions, news, research, analyses,...
This is my idea on UKOIL Expecting price to fall to 76.70 What do you guys think?
W1 TF - short bias D1 TF - no trade yet
don't panic it's organic, it smells like bear dung!
It continues in an uptrend to the resistance 75 dollar Then it starts a Downtrend to first support area 68 dollar Second support area 61 dollar
I think with Iranian oil supply adding to the current supply, there'll be a slight pull back and might take some time to cross the $70 level. Any reviews and feedback will be appreciated
Crude touching 200 MA on monthly chart Beware longs-very powerful resistance ahead;
Brent in future 💸 but waiting for safe baying zone 💣
Just as we analyzed last week we could be looking at possible short scenario for the UKOIL
It continues in an uptrend to the resistance 74.97 Then it starts a Downtrend to support 60.40
BRENT - SHORT (LOND TERM TRADE) ENTRY PRICE - 58.89 SL - 72.20 TP - 23.35
We are into the 3rd week of 2021 after we had a bounce off 57 highs on oil the previous week huge trend line touch (3rd touch) crucial for a rejection to the downside with evidence of a continuation pattern( head and shoulders) with price selling off a solid 200 points as of last week Price is currently hovering around the neck of this H&S pattern and very...