Crude Oil Elliott Wave IdeaUpdate on the below idea:
Oil has hit the .236 extension but could push up to higher extensions...If this 5 wave theory is correct then there should be a large correction coming.
Brentoil
Crude Oil Elliott Wave IdeaSmall timeframe idea for oil.
Could be ABC or wave 3 completing at $3990...a break above $40,86 could lead to a new high above $41,62 or be part of a more complex correction such as WXY or WXYXZ, a break below $39,90 could lead to a new low toward $39,50 for wave 5
CRUDE OIL waiting for the sell setup to formon DAILY: CRUDE OIL is approaching a strong resistance in green so we will be looking for objective sell setups on lower timeframes.
on M30: this one is forming a wedge pattern in red but it is not valid yet, so we are waiting for a third swing to form around our lower red trendline to consider it valid and enter on its break downward.
we also have a regular bearish divergence on MACD adding more confluence to our setup.
Crude Oil Elliott Wave IdeaUpdate on below idea; maybe wave 4 is finished now, or a still correcting, hard to say.
T'As Work!Hello Traders,
This is a demonstration of why technical analysis works...
OIL was on a clearly bullish accumulation pattern called Bullish Rectangle and we also can see a bull flag pattern.
Now we are going to face a resistance zone
Make yourself a simple and clean analysis.
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Is Brent forming a double top?Brent is potentially forming a double top. It may drop to the support line 38.
Crude Oil Elliott Wave IdeaCouple of theories in one chart on how oil might move in the coming days.
Scenario 1 (white) - Correction is already completed at $34,58 and now in an impulsive move towards mid $40's; A break above $40,61 would look good for this theory.
A break below $37,42 could play out scenario 2...
Scenario 2 (orange) - A correction is still underway in WXY form, price could return towards $34 before a move to mid $40's
A follow on from the below ideas:
Crude Oil Elliott Wave IdeaFollow up on the below idea, possibly a slightly more complex correction under way
Brent BCOUSD Oil possible long intraday trade opportunityBrent BCOUSD Oil possible long intraday trade opportunity
Crude Oil Elliott Wave IdeaSmall timeframe idea, possibly in wave 2 or B correction which could reach $36,40 > $36,96
Brent Oil (Weekly)Prices are moving in a narrowing channel. If the prices can be permanent with the trend support passing through the middle of the channel, the target price will be between 67-63.
If they cannot be permanent in trend support, they can retreat and contact the bottom support of the channel again.
Only personal opinions and ideas. Does not Include Legal Investment advice...
The uptrend is forming up and the time will tellshare with me your thoughts please and i hope that you will give me your remarks about this analysis
USOIL Long Trade Setup! Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here on your Service, Also hit thumbs up 👍 and support the work
USOIL Showing a nice Inverse Head and Shoulder. A long trade after a perfect neckline breakout and retest will give a nice return 2-5 times higher the risk. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
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Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Try again: Brent Oil Entry Level at 40.72; Target 43.00Triangle formation, will TVC:UKOIL CURRENCYCOM:OIL_BRENT break the triangle and move upward.
Stop Loss at 40.00.
Initial trade today at BUY at 40.80 stopped at 40.30.
BCOUSD Brent Oil possible long day/intraday trade opportunityBCOUSD Brent Oil possible long day/intraday trade opportunity
USOIL is Showing Very Strong Recoveries! $43 Coming Soon! 🛢 📈Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here on your Service, Also hit thumbs up 👍 and support the work
Here I have done MTA for Crude Oil to find the most accurate entry on the market. Wait for confirmation. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
USDCAD potential bullish reversalon DAILY: USDCAD is sitting inside a strong support area in orange, and almost filled the previous GAP, so we will be looking for objective buy setups on lower timeframes.
on M30:
Short-term: we are waiting for a new swing to form around our blue trendline to consider it valid and enter on its break upward.
Long-term (conservative): we are waiting for a new swing to form around our red trendline to consider it valid and enter on its break upward.
we also have a regular bullish divergence on MACD adding more confluence to our buy setup.
Meanwhile, USDCAD would be overall bearish , until a buy setup is activated.
Brent to Break over $40.00 to $45.00?Lets see if the price squeezed in this triangle breaks and the bulls have the day...
BRENT CRUDE #OIL IS COMING BACK TO THE STRONG LONG POSITIONHello,
We have a very good comeback for brent crude oil. If you are following this pair since, from the recruitment period you might note that pair is growing steadily and this the point that I saw too.
Lets, discuss some different tools, what I used for the careful forecast. As you see I used two different and very attractive pitchfork, which I'm going to discuss right now.
#1 Simple #pitchfork
As you see from the lowest point and the next highest point I found the trend line, which is out of the standard pitchfork and it didn't follow the borders of the fork. For me, it means that Brent crude oil either long or short position, which was not guaranteed for more than 50%. ( When I see the chances are more than 50%, I always follow this trend!).
What the next decision?!
#2 Schiff Pitchfork
And here we are! DOo you see the borders of the trend and exactly tunnel where brent crude oil is increasing? This is another positive hint for me to choose a very long position and follow these lines right now.
And the last part of my forecast!
I never forget SL and TP part, what I already mention on this pair and please, use them too.
I wish to receive your, follower, likes, or comments and we can discuss it.
Short term pullback for Brent
Brent Oil still haven't closed the gap formed on March dump. Should do it, but now seem to be pulling back from 38 resistance and targeting 36 support.
