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Usoilshort

USOIL | 2 Short scenarios | 15min Tales | Chapter 2Be aware this trading scenarios are based on the 15min chart. TLA1 is based on a recent Swinghigh that served as a strong resistance level. 1. Short (Orange arrow) Requirements: - Price falls below TLA1 - Price moves to S/R Level 1 or falls even deeper - Short opened on retest of TLA1 Target: Recent Swinglow aswell the next Support level (on that timeframe) S-L: See chart - i dont want to see a candle open/close above it 2. Short (Red arrow) Requirements: - Price goes below TLA1 - Price falls atleast to S/R Level 2 or lower - Enter short on retest of TLA1 Target: HTF Support level and first stop of the recent downtrend S-L: See chart - i dont want to see a candle open/close above it Good luck Disclaimer: - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
TVC:USOILShort
by a_tale_of_bulls_and_bears
2
US OIL analyzehello everybody. according to the technical analyze we can see the terminal trend in US oil. and i think the trend in 1D timeframe become weak and i see a correction potential for that. after we break out of disjoint channel that i draw on my chart we could have a pullback and after that go down. the first target for swing traders is around 93 94 and we can see a strengh support around 85-90 area like i illustrate in chart. PCC(point of control)is in this area and we have the MA200 here too. in addition longterm trendline is around this condition. so we have 3 important levels and support in this area (85-90). our momentum is in overbought level and going downward. dont forget to put stoploss above the last major high. (NOTE:friends this is my personal opinion and its not a trade suggestion. please analyze in your own strategy and help me be better) thank you all.
TVC:USOILShort
by TraderAmin-KZ
2
🐻TIME TO SELL OIL??!!!Oil has been riding that trendline to new heights, but the more times a trendline is tested, the weaker it gets. this theory has held true once more as price has broken below this MAJOR trendline. A break of structure can also be spotted as price retests previous areas of support as resistance. It looks like its time to sell as price seems to have completed the wave sequence of a bearish continuation pattern(bearish flag pattern). CHECK THE LINKED IDEA FOR THE FULL SETUP TVC:USOIL Happy trading!!
TVC:USOILShort
by WAR_ON_FOREX
June W.5: Medium-term trend signal!Hi friends, I hope y'all had a fantastic weekend and are ready to finish this month strong ;) Today, we have 2 possible sell trades on this baby. Last week I shared a trade idea on this instrument and we missed the trade, however, the price didn't reach our take profit point which that gave us another opportunity to catch the bearish trend. This trend is derived from the monthly that is in the huge bullish half a bats level 2 formation that will either bearish bounce off or break the 8 m.a that hasn't been retested for 4-5 months to confirm the trend-continuation. So we looking forward to taking a counter-trend trade, but there are 2 possible scenarios that will determine in getting the trades or not. Bulls: -If the price forms a bullish reversal pattern that leads it to bullish break and retest the Daily H&S Neckline 2 together with the 50 and bullish short-term m.a's, that will dis-confirm both trades. Bears: -If the price bullish bounces of the Weekly Neckline 3/Daily H&S Neckline 2, 50 and 8 m.a's with a bearish reversal candle or pattern close, that will either trigger what I call an "H&S A-E.3 SELL signal or H&S B-E.1 SELL signal". That's the first trade signal. For the second trade signal, after the price has trigger the first trade and proceeds to drop and break and retest the 1st Daily Ke Lvl, that will trigger what I call an "H&S B-E.2 SELL signal" that will lead to a 2 level drop to the last take profit point. That drop will form a big double top on the weekly, and it be visible on the monthly as a mini reversal pattern. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Doji-2k1.
TVC:USOILShort
by Doji-2k1
USOIL MARKET OVERVIEW Good evening everyone; We stood off WTI this week and let it run it's course, we got caught out a few times last week trying to take some trades but they don't always work out. WTI has completely broken it's short to mid-term structure and I only think thinks it's pulling back due to weekly closures. I believe that WTI we continue bearish but the overall bullish trend can't be prevented. I am still targeting $185 a barrel which I think we will get the next leg for once we have the long term trend correction. Governments are trying to resolve the energy crisis which is being heavily influenced by the price of USOIL. I believe OPEC will make attempts to increase the number of active rigs and output in an attempt to drive WTI down (which it will) BUT only temporarily. This is a train which will not stop until inflations clams down but we're only just getting started. We warned of inflation, recession and market crashes before it even hit your mainstream media screens.
TVC:USOIL
by UnknownUnicorn33264805
3
2306 USOIL make a plan to sell but not nowHello traders, Oil has made such a strong downtrend after breaking out the long-term trend line. Now it is standing on a possible week support since it cant just break it in one simple bearish candlestick on 4h chart. A retest of it with some bullish candles on 1h chart make oil possible to retest a near high 106-106.7first to make a possible double head first. So if you want to sell it , just wait a new signal round 106-106.7 before making any new move or order. That will make you trade much better! GOOD LUCK ON THIS PLAN . LESS IS MORE!
FX:USOILSPOTShort
by FUNTRADER-Vera
usoilIf 5 waves are in off the march 2020 lows during the covid crash then we topped around $130. We should now correct the entire move in the ABC which looks like a Flat because wave A was very shallow. This means that as long as wave B is in already then Wave C should be 5 waves down and test the golden fib ratio around $58. As the ABC reveals itself I would expect it to be not very neat and clean as I am forecasting today and probably develop into a very complex double or even triple correction to wipe out all the bulls. So this is just a preliminary forecast. We will be looking to buy this dip with crypto win profits because after the correction to USOIL is complete we should expect a new impulsive 5 up to start and go way past $130.
FX:USOIL
by Big_Mike716
1