WTICOUSD correction approaching. Continuing my analysis, it can be seen that WTI oil is nearing the end of its third rising wave cycle. In my analysis, I assume that the motion may turn south from the 45-46usd range and the D1ATR will drop to a level of 50.6 to 42.6 usd. Consequently, a profit...
I for one dont expect these current moves to hold, and they are gold shorts and oil longs this is praising for covids disappearance, which is not the case even with vaccine news, good time to trick retail and go the other way.
WTICOUSD before 15% decrease. WTICOUSD has been falling below the 50% level of D1 ATR for several days. In my analysis, I assume that the graph moves south from the accumulation range. In this case, a double descending wave structure may form. Now we can see the construction of the second declining wave. In case my interpretation is correct, the target price of...
. 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...
We had big move to the upside, however, it is going to create corrective structure. Expecting $8-10 price drop before we take another long shot.
Hope you benefited trading both side.
It's not a trading call just an idea how the market would move.
WTICOUSD long TP: 72.65usd The analysis shows that the exchange rate is a fractal copy. So far this has been done in a 1: 1 size. It is my belief that this set of rules may continue. If that statement is correct, we will see further increases in the coming weeks. Target price is 72.65 usd
Hi, Traders ! Monfex is on the air !
WTI Oil Bulls are taking on fresh attack on 200 Daily EMA - at around $57.
* The Bulls remain in control over WTI prices, taking actions to break through 200 Daily EMA.
* Monday's Doji (bearish) candle with long upper shadow was immediately engulfed by the next day's price action.
* Break and close above $57 would be the...