When examining this asset, there is evidence of an M-pattern formation occurring across weekly, 4-hour, and 1-hour time frames. Although the right arm of the M-pattern has not yet begun on the weekly timeframe, it is about to commence on the 4-hour timeframe. There is also a clear formation of the right arm of the M-pattern taking place on the 1-hour...
When examining this asset, there is evidence of an M-pattern formation occurring across weekly, 4-hour, and 1-hour time frames. Although the right arm of the M-pattern has not yet begun on the weekly timeframe, it is about to commence on the 4-hour timeframe. There is also a clear formation of the right arm of the M-pattern taking place on the 1-hour...
The reversal of crude oil happened after breaking the weekly channel couple of weeks ago as anticipated in my previous post (See link), a nice short trade was initiated. Was really one good trade. Oil was ever good to us, providing another setup to go short again. Wait for a rejection around the upper line of the symmetrical triangle. trade safe & Good luck!
USOil remains bullish, and more bullish move expected. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Strong upper resistance leading to retrace down to $27-$29 area.
June contract settles on 19th of June. Pay careful attention to bottom support
Black swans did not fly by, and there were no important macroeconomic statistics or news injections either on the financial markets. In general, the lull that has lately reigned in the financial markets is lingering and the silence begins to become painful. Usually, it all ends with a storm. But a storm needs a trigger. For example, Trump’s next demarche and the...