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$USOIL Short-Term PostulationsUSOIL has established a Bearish Gartley further proving that a short-term correction will need to take place in order for the security to continue its rally or pivot to new lows. Now, with the fibonacci retracement system the most notable levels include both 38.2 and 61.8. Also, momentum and selling pressure seems to be increasing as indicated by the doji. Based on that information, we can conclude that the price will most likely react at either 43.56 or 41.89; I will be shorting to both these levels. Feel free to adjust your selling/buying point accordingly. Furthermore, I advise keeping an eye on your momentum indicators and watching the price action carefully to look for a bullish pivot. Thanks so much for the support guys! You interacting with my charts by either liking or commenting inspires me to continue providing you all with my ideas. Again, it's greatly appreciated!
FX:USOILShort
by UnknownUnicorn253523
8
Intraday Swing TradeThis is a quick trade. I anticipate it should hit soon. Profit target not far away, but since I feel it's a high probability setup, I suggest jumping in anyway. I'm a set and forget trader, but in this market, I'll do a confirmation entry. The only downside to confirmation is that you may miss out on the opportunity. My personal strategy, if price trades from the 113.417 area, the wicks protruding from my entry, I will scrub the trade. I move my entry to the real bodies of the candles to cut down on the risk.
Short
by MrBollinger
GOLD(Monthly) Decision Time Everyone is Busy with Daily and Hourly charts,So I have stepped back and trying to shed some light on Monthly as it is at a very Crucial Decision point. Falling Trend line from all time Highs we hit in 2011 is here to decide the faith of Gold ;) Short Term Correction at least to $1200 is expected in coming month or two, it may not come in light of some Big Global Risk event. Big Supply zone at $1500 - $1600 which is also a important Fib level. Best Demand Zone from a Decade perspective is lying at $980 - $890 which again is a important fib level. Medium Term Traders Look to Buy around $1200 levels and look for break of the falling trend line. Long Term Investors should Buy around the marked Demand Zone as it will offer them best risk to reward ratio. I hope i have not disappointed anyone neither Bulls Nor Bears :) I have something for everyone ;) Take Care
FX:XAUUSD
by robin_bajaj_7
5
GOLD(Monthly) Decision Time Everyone is Busy with Daily and Hourly charts,So I have stepped back and trying to shed some light on Monthly as it is at a very Crucial Decision point. Falling Trend line from all time Highs we hit in 2011 is here to decide the faith of Gold ;) Short Term Correction at least to $1200 is expected in coming month or two, it may not come in light of some Big Global Risk event. Big Supply zone at $1500 - $1600 which is also a important Fib level. Best Demand Zone from a Decade perspective is lying at $980 - $890 which again is a important fib level. Medium Term Traders Look to Buy around $1200 levels and look for break of the falling trend line. Long Term Investors should Buy around the marked Demand Zone as it will offer them best risk to reward ratio. I hope i have not disappointed anyone neither Bulls Nor Bears :) I have something for everyone ;) Take Care
FX:XAUUSD
by robin_bajaj_7
AUDUSD Short-term short-Hourly trend is bullish, with the market not violating any of the trend lines -Yesterday (11/3) we pulled up to the market upper trend line and did not break -RSI with index upper 80 lower 20 was almost overbought (overbought on 70) Friday showed a good opportunity to short, however it is not too late to make some pips on the short side trading the chart and trend. Do keep in mind that entering now can mean potentially bigger losses. TP- 0.74762 SL- 0.75910
Short
by managingchaoscapital
SPX - ending diagonal?It looks like the market chose the most confusing structure to confuse everyone looking for a turn and convince them that it will never come. Right now it looks like a possible ending diagonal, so there might be a bit more to go (although the 5 can undershoot or overshoot), but basically the 5 can end any time from now up until the upper pink TL. The green line at 2001 is an important overlap - it will overlap the first wave down from ATH, so getting above that would be worrying. Interesting enough the cycle analysis from mcm is showing a slow-down of the current upward thrust and the potential for a (bigger) turn: mcm-ct.com Good luck out there!
FX:SPX500Short
by alx13
2