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Usoillong

USOIL bounce at the 0.618 🦐USOIL after the recent high started a retracement move until the weekly support at the 59 area over the 0.618 Fibonacci level. The market attempts to break below a few times and consolidate before starting a new impulse. According to Plancton's strategy if the price will break above and the conditions will be satisfied we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:USOILLong
by InkyGrip
22
What Is Going To Happen Long-term With The Stock Market?1: DAX: Looking at the weekly, you can clearly see what DAX has done. It doesn't take an EW expert to see that we just finished wave 4. Wave 3 ended at 13.362 (1.618) fib, which means this correction is a wave 4 correction. Our rule 1 was: If it broke Wave 1 which was at 8122 the wave structure would have been invalidated. But since it didn't, we are looking at wave 5 up to 17k DAX. 2. USOIL: The commodity, have been on a massive selloff the past weeks. Looking at the bigger picture we see that US OIL just finished it wave (E) formation down, which indicates that the selloff is done. Since we have finished this descending wedge pattern, it should now retrace and to atleast 40 usd and breakout of this wedge, meaning it would go above 100 USD in longterm. 3: VIX . VIX is at a really high spot right, while its nearly impossible to do EW count on vix, we can use other indicators such as RSI and CCI. RSI at the same levels as the peak of 2008. Also we have the CCI at 400 levels such as 2008. Which indicates that we are very likely to see a decrease in the selloff. 4: IWM. Which looks at the small-cap sector in the US, indicates that the selloff is an major ABC correction. We are currently undergoing the last C wave down and we are paying very close attention to the 1.618 fib at 93.08 USD. In extreme cases wave C can go for the 1.618 and coupled with the extreme pandemic and fear in the markets, I see why we went that far. in addition the selloff already went past the 0.5 fib, which is likely for C waves. So what is there to come? I think its very likely we will see a bounce coming in the next week or two. I dont think that we will sell off further. I expect 220 SPY to hold. Also in correlation with DAX we see that DAX will push up for a wave 5 to 17k. And since the market are in correlation with each other, we can correlate it with SPY. Spy will likely do a B wave up to 3100, while DAX at the same time push up to 17k. That is gonna be a very important level to look at, as we may expect a C wave down to 200 SPY there.
OANDA:SPX500USDLong
by LukeSkywalker
1
USOIL - Buy Entry - H4 ChartUSOIL - Buy Entry - H4 Chart Buy @ Current Market Price Stop Loss @ 57.219 Take Profit @ 62.056 Risk/Reward Ratio 1 : 1.7 Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance Please support the idea with a Like 👍 Follow me to receive updates of this analysis, plus new ideas ✅ Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺 DISCLAIMER 🔺 The content of this analysis is subject to change at any time without notice. 🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions. 🔺 You must do your own research to create your own trading plan for the market. ------------------------------------------------------------------------------------
TVC:USOILLong
by UnknownUnicorn5418842
2
US OIL LONGGood Morning another beautiful start to the trading week for the Barons! Oil has followed my analysis perfectly from the call to 61.70 to drop all the way back down to 60.00. This was all covered in the market breakdown...I would like to see price closing back above 60.30 to provide us with more of a potential to push higher from here...It pays to be a baron! ;) Come and follow the link down below!! 3 trades - 2 taken profit and 1 in profit! Trade 1 - 70 pips. Trade 2 - 50 pips. Trade 3 - running 20 pips profit.
TVC:USOILLong
by UnknownUnicorn18340320
9
US OIL MARKET BREAKDOWN Good Afternoon OIL has closed on one of the most indecisive places it could have done...for those that watch my video breakdown knew I anticipated this movement. This is where trading becomes somewhat complicated but hang with me...OIL has closed above that magic 60.60 and above our 1hr trendline which in theory should give us a bullish movement but the trendline is not mature enough yet to aid this breakout bias. What we can see is a double top forming but within this there is a lot of doji candles forming on this spike compared to the first one. DOJI'S mean indecision in the market! right now its 50/50 so we need to wait for direction on Monday but looking at this I do not think the lower frame trendline will hold and we will now see a push up to the higher trendline.
TVC:USOIL
by UnknownUnicorn18340320
5
US OIL LONG UPDATEEverything that was mentioned in market breakdown volume #1 as come through to perfection...now running 97pips you could not ask for anymore on a Monday! In this video I breakdown for price action we have seen and where I think price is going next...I hope you all enjoyed your profits! OIL LONG is running in a great amount of pips but there is the potential for so much more! and this came with an extremely small risk and next to no draw down! Get following this account for the BEST oil content!
TVC:USOILLong
by UnknownUnicorn18340320
3
OIL MARKET BREAKDOWNOIL MARKET BREAKDOWN VOL.1 Good evening everyone...I hope you all enjoyed the 800 pips provided because we certainly did. Here is my breakdown on oil...it's around 10 mins long but there are a few gems hidden throughout. This our new page from XHRISTIE and it's dedicated to EVERYTHING oil. FOLLOW us for great oil analysis and trade set ups! I am bearish overall in OIL and it is well due a market crash! Leave a comment or send us DM with what you think...we love your support and feedback.
TVC:USOILShort
by UnknownUnicorn18340320
2