This chart presents a detailed technical analysis of Crude Oil Futures on the 1D timeframe, highlighting key Fibonacci levels, Fair Value Gaps (FVGs), and potential price movements.
Key observations:
- The price is currently around $71.44, moving towards a key decision zone.
- A significant Fibonacci retracement zone (0.618 - 0.65) is marked near $74, aligning with a key resistance area.
- The "Golden Pocket" from the greater downtrend remains a crucial area to watch for a potential reversal.
- Two Fair Value Gaps (FVG & IFVG) are identified, which could act as liquidity zones.
Possible Scenarios:
🟢 Option 1: Bullish breakout, price moves above $74 and continues toward $78+ levels.
🔴 Option 2: Rejection from resistance, leading to a potential pullback below $70.
🔴 Option 3: Strong rejection, price drops back towards the Fibonacci 0 level (~$64).
Which option do you think is most likely? Let me know your thoughts! 🚀📉
Key observations:
- The price is currently around $71.44, moving towards a key decision zone.
- A significant Fibonacci retracement zone (0.618 - 0.65) is marked near $74, aligning with a key resistance area.
- The "Golden Pocket" from the greater downtrend remains a crucial area to watch for a potential reversal.
- Two Fair Value Gaps (FVG & IFVG) are identified, which could act as liquidity zones.
Possible Scenarios:
🟢 Option 1: Bullish breakout, price moves above $74 and continues toward $78+ levels.
🔴 Option 2: Rejection from resistance, leading to a potential pullback below $70.
🔴 Option 3: Strong rejection, price drops back towards the Fibonacci 0 level (~$64).
Which option do you think is most likely? Let me know your thoughts! 🚀📉
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bit.ly/3YxiRXr
💬 Discord Community
bit.ly/4jHHA3O
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bit.ly/4lBeTXt
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MY LINKS
📈 Free Signals
bit.ly/3YxiRXr
💬 Discord Community
bit.ly/4jHHA3O
💵 Favorite Exchange
bit.ly/4lBeTXt
📈 Free Signals
bit.ly/3YxiRXr
💬 Discord Community
bit.ly/4jHHA3O
💵 Favorite Exchange
bit.ly/4lBeTXt
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.