On the daily chart here, Crude is looking very bullish.
We saw a clean break of previous high ($44) found new resistance at $46, saw a slight pullback to see if previous resistance would act as support which it did and now Oil is back on the run.
I’ll be targeting anywhere between $47 / $50 level.
Of course, if we break $44 then I’ll likely start to look for...
Slow week this week. It’s only a matter of time before the market pullbacks.
I’m still holding my previous post & I’d expect Crude to at least fill the gap around the $40.10 level.
If you have any questions, feel free to comment down below.
Just went through my previous posts and I didn’t quite give a full update on this chart.
Well, here was the outcome'
A beautiful shorting opportunity presented at the $43.70 level.
Congratulations if you ended up taking this trade.
1000+ pips here.
Expecting some downside here.
Crude tried to break current resistance but failed too, price then ended up closing on a bearish shooting star two days in a row.
We also saw price form a ACBD pattern on the 4HR chart so in the shorter term we could see price find support around previous resistance.
So expect a small pullback here before we start to see price...
I’ve been holding this chart for a while sometime and continue to do so.
If you check my previous posted you can see we did expect crude to break to break to the downside.
I also have another idea that I believe could also possibly happen.
Feel free to check it.
Been holding this chart since 9th July.
Bullish till $44/$45 and then we may see the continuation of the Elliot wave pattern (ABC)
Why $44? Because that’s where the 50MA hangs on the weekly chart.
Or we could just continue to go up, whatever the case I will follow what the chart is telling me.
Only looking for buying opportunities in this market since we are...