ukoil shortwatch for breakout , it will be a good trade . i m hoping it to comedown to 66 as TP1 and then to 62 asTP2
trade safe and good luck
Ukoilshort
UK OIL Trading ideaUK OIL Trading idea
The price moved down so powerfully yesterday. Exchange rate showed that someones want to move the price down.
I think it is better to wait when the price will make pull beak up to mirror level $76.32. Near that level will be the best place to open Short position.
S/L: $77.75
T/P: 72.20
UKOIl is approaching resistance, potential reversal!UKOIL is approaching its resistance at 75.86 (L T 100% Fibonacci extension, 100% & 61.8% Fibonacci extension, ascending channel) where a reaction could occur, causing price to fall to its support at 71.28 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support). We have also identified another resistance at 77.56 (100% Fibonacci extension).
Stochastic (89, 5, 3) is testing its resistance at 98% where a corresponding reaction could occur.
UKOIL testing its resistance, potential to drop!UKOIL is testing its resistance at 67.76 (61.8% Fibonacci retracement, horizontal overlap resistance), where it could potentially fall to its 1st support at 64.94 (61.8% Fibonacci extension, 61.8% Fibonacci retracement). If it breaks this level, it could potentially fall to its next support at 63.18 (76.4% Fibonacci retracement, multiple swing low support). We have also identified another resistance at 69.27 (100% Fibonacci extension, 78.4% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96.4% where a corresponding reaction may occur.
UKOIL BEARISHUKOIL formed a max butterfly harmonic pattern, it's started 26 September and completed 30 October, RSI is in overbought zone that's increase bearish fortune.
as always target marked by green line @58.25 and stop loss marked by red line @61.30
What interesting is the shape of the repeated form of volume ( WOW anyone can tell me what is it looks like !! ;0 )
Thank you
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UKoil 60min, doble/triple top, FLAT BEAR DVG, short.possibleUKoil 60min, doble/triple top, FLAT BEAR DVG, short-possibillity.
But wait for confirmation down, maybe under that red VWAP-line
If it break's up above $56, then I don't know, if this idea is that good any further....
So it could be smart to look for what those next candle's become, b.c. oil look bullish in this upmove.
UKoil 240min, clone-idea, short-setup before bottom.UKoil 240min, clone-idea, short-setup before a new bottom $49ish ALT.1 (or ALT.2 $47ish).
I will provide charts in smaller TF, for a possible up, move C > D, before turn down, move D > E.
Just now, it's some BULL DVG, in all 3 indicators....
