W1 - Bearish divergence forming. D1 - Bearish divergence forming. H4 - Price has currently reached the critical zone, bearish divergence forming. Once the bearish divergence completes itself, look for evidences of bearish reversal and start looking for sells. If you want to be more conservative then wait for the price to break below the uptrend line and then...
D1 - Special cycle completed, we may expect price to move lower and reach the targets. Extreme divergence. H4 - If the price breaks below 62.90, we can start looking for sells.
W 1- Inverted head and shoulder pattern completed, we may now expect the price to recreate this pattern. Neckline of this pattern also acts as a downtrend line. In short term we may now expect correction, retest and move up again. D1 - Special cycle completed, bearish divergence formed. We may now expect the price to reach the 38.2% and 50% retrace of this...
After an upside rally since June 2017, the WTI found a "two year" resistance (May-June 2015) at 62.50. If the price breaks above this resistance zone, it is a good opportunity to "buy and hold" expecting to find the next resistance level at 67. Otherwise we can sell short, expecting the quote make a retracement at the fibonacci level 0.236 at 57.70 (previous:...
In my 'Oil Meltdown - What Now?" chart, Prices reach their first Target Price but have rallied back to the original Supply level where I expect the selling to again occur. That analysis was on a continuous chart and the entry and bottom target is lined up with this K (May) chart view. With the DX relatively flat this price drop would require a couple weeks of...
IF 47.64 successful break down again , then we can sell it down to 46.85
on Strong Resistance around 46.7 level and double top on H1 SEll oil cmp 46.20 next pending 46.9 both sl 47.6 tp 44
Hi Traders, I hope you guys are having another good week trading. USOIL has completed a bear cypher pattern at $41.31, just above current market price. Entry: $41.30 Stop: $42.04 Target 1: $40.59 Target 2: $40.07 I only just spotted this and am not yet involved. Looking to sell as per the above details. Luke
Oil looks great for a short. Daily divergence supports us and the up trend line on D1 is still far away. I'm looking to sell rallies around 48.80 up to 49.20 zone.
Recent downtrend in crude oil probably will countinue following months. It could not break the R1 level (0.63 level) and with the high chance it will get down to S2 level (lowest level in 2009) (strong support level in 0.76). Which will end up seeing perfect Gartley in R2. You can trade with the structure levels or you can wait for R2 Good luck
There is two Opportunity available to trade , One is you can buy now with stop of $32.20 . and target will be around $35.30 And second is you can wait for market reach its resistance area so you can sell .