We have a double top in the 1hr timeframe. Wait for market to retrace back up and then short it again. Enter and exit at your own risk. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
Oil has hit a resistance at 63.77 but there's no certainity that we have a trend reversal just yet but i do believe we have very good shorting opportunities as i am short biased hence i won't be recommending any buy for now. You can short and TP at any point identified on the chart. My labelled zones are only a rough idea of where i think the market may touch....
Crude Oil is at a crucial point with price action reaching the 61.8 Fib level ...!!!
USOIL is unable to push higher up. It has a weak foundation as support and we can expect it to drop further down below to find a good support before continuing its long term bullish trend, if still strong. Leave your SL above the last high for enough space to move before the breakdown below.
In my previous analysis I mentioned watch the top for a possible short, So Price action tested the top of the expanding channel, tried breaking out but failed, leaving a double top here. It has broken down the trend line so I am executing my shorts here. Trade Safe!
USOIL made a good rally up after making a 1,5 year low of 42.35. How ever I expect a small drop to around the Uptrend line. If the Uptrend line won't be broken we could see another pump to the Resistance level of ~54,20. To be updated
Usoil crude wti continue selling pressure with falling three candel stick pattern i hope more 200 pips sell move
USOIL is now at another important juncture. we are gearing for a reversal soon, so watch the blue line fore a bounce up SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
USOIL HAS NOW BROKEN THE SUPPORT LINE EXPECTING FURTHER DROP TO THE NEXT SUPPORT LINE BEFORE WE SEE OUR NEXT SERIOUS REVERSAL IT COULD EXTEND TO NEXT SUPPORT LINE. SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE SEE PREVIOUS CHARTS
i am expecting this final drop down will it bounce or break? I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE SEE PREVIOUS CHART BELOW ALSO
USOIL should continue its bearish drop, but be aware of the possible wave structures that could develop see previous analysis below like comment and follow :)
hi, this is looking ripe for a drop down
Short Term running flat correction looks most likely. Downside target is $67.25 to $66.17. If it starts to play out that way, it could turn around short of that target since it's running flat. But it looks pretty flat, and so I think the target makes sense. Next move after that would probably be to the upside, but it could keep going down depending on...
USOIL just impulsed from a large bear flag and appears to be forming a smaller bear flag continuation for a re-entry short position to go lower. Potential bounce areas are shown in ray lines. Position is confirmed with impulsive break from flag, set your order and tight stop loss right above the flag pattern. Position is invalided if pattern forms a downward...
My last call on Crude smashed the target well above 1,000 pips, at the moment it is almost testing its multi months channel top, however trend still is very much strong, i am looking for a linear compression to be forming at the top of the channel. Expecting a correction there so I could look for sell setups, keep eyes on this market for a possible sell swing...
Crude Oil - H4 - I see price at a strong supply zone and expecting a sharp drop from cmp 65.10 targets 60 and 56
ENTRY: 64.87// SL: 65.38// TP: 62.55 YOU CAN WAIT FOR THE SECOND SHOULDER TO BE COMPLETE BUT YOU'LL LOOSING PIPS. " HAPPY PROFIT MY FRIENDS "