One of my members requested this analysis and thought id share it for everyone in case anyone else is looking for a trade in oil.
To be clear im not personally looking to take this trade because theres not enough confluence in other markets for me. However theres some price action support for a potential bullish trade here if you like the look of it.
Been a while since we posted a trade setup here and I think there is no better time than today! We just went long BTCUSD and were expecting new a ATH!
There are many good reasons for the long, but heres a recap of them in text too:
- Rejection zone / Support
- 38.2% fib of main high
- RSI low
- Rejection candle
- RSI low
WTI is showing me excellent shorting signs right now... and based on the video analysis I am sharing with you here, it might just all go to plan!
Our complete system agrees there is a higher porbability of down-side than upside! (Some profit taking could occur)
I explain some of the price action on this chart and show an amazing 15 min trend.
The melt down has been caused by fears about the COVID-19 virus.
This is the biggest 3 day dump on the DJI is about 3 years. I explain how serious it is.
Second video already! I do like this way of communicating!
1. I haven't traded the GU all year
2. Missed short opportunity but that's fine.
3. Looking at shorts as mentioned in the video but will need confirmation if and when price gets to the area of interest.
4. If your strategy permits, you can trade both directions when a setup has...