since the idea is based on 15mn time frame, this idea is available only for one day.
let's see if the market will give me reason today
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A number of Technicals stacking up here including fundamental bias looking bearish for Oil Mid-term.
We could be forming the second lower high of a downtrend set to commence, including this we are at the 61.8 FIB Retracement mark. Orange zone marks Daily timeframe.
. There is still a possibility of temporary retracement to suggested resistance line (39.82). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. USOIL is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Those who are looking at Oil will see that price has reached a significant structure zone, many people will now be looking to jump on the selling wagon after the huge retrace. I would be wary of getting involved in sells as of yet because banks like to manipulate price at key areas like this. I would expect the price to push into the SL hunt zone to gather...
. While the price is below the resistance 43.60, beginning of downtrend is expected.
. We make sure when the support at 30.85 breaks.
. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid.
. There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08...
From what I can see price is still bullish, we have bullish divergence on a 4H and price has broken through resistance
It is now testing a trend line on the 4H and once it breaks, i am looking for a retest before buying to the level where it plummeted previously
Based on my analysis I believe we are approaching another crash in the market, probably the biggest one yet..
NASDAQ is rising on hopes and dreams, FED are pumping money into it left right and center, and it has reached a new high. There is a considerable amount of divergence on EVERY time frame and yet price has barely gone down.
Dow Jones is approaching its...
Looking for some sell off bearish rejection here in the zone highlighted.
Lets see if we can get going with this one and see some nice signs before entering. Targets being at $30 and if broken all the way down to $17.
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