CRUDE OIL video top-down AnalysisHello everyone, here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Xti
Shiller Version 2 for Wk Open 9/14 In 1998, Robert Shiller--the Yale economist and Nobel Prize winner-- formalized that idea in a paper, "Valuation Ratios and the Long-Run Stock Market Outlook" and a book, "Irrational Exuberance." The latter made Shiller something of an economic prophet. In his book, which came out shortly before the dotcom crash, he warned that stocks were overvalued.
What is the CAPE ratio? It describes the price-earnings ratio over 10 years, rather than on a particular date. Called the Shiller P/E, it is calculated by dividing the price of a stock by its average earnings over the past 10 years, adjusted for inflation . It can also be used on an index such as the S&P 500 .
Do you have any TRADING related QUESTIONS?Price is currently in a good BUY zone, this area has previously been used as strong resistance which has now turned into support, so i am expecting bulls to step back in and push price higher from here. If you do take a trade from this you can keep a tight stop loss because if price did break such a strong support then it has the potential to fall some way.
Nice and simple setup that most people could find if they didn't over complicate thigs all the time!
If you would like any help trading or have any questions then just message me and i will be happy to help.
Straight Times Index Floating +3% (HOLD) for Asian Session Still over -23% off of the highs, I will remain holding this position with stoploss at breakeven. This entry was given on the 14th of last month.
03:44:41 (UTC)
Tue Aug 18, 2020
Copper Position Update from Yesterday (Risk-Free)Stoploss moved to entry for a risk free trade on this copper signal published yesterday, linked below.
OIL - the commodity they are killing for...If the oil would drop through the blue line, I start to believe that 10 dollars per barrel is coming next.Fractals in oil. What would happen in the world to send oil to 10 dollars? ..the commodity controlled by three men only... Black gold. :) Anyway, not looking good for oil... Do not take it too seriously, but consider it. Have fun, trade with smile folks.
Oil - ShortStop SL. If it breaks upwards, it means its going to retest the outer descending trendline.
Awaiting break of the ascending wedge...
USOIL ShortLower lows with a clear level where bounce offs are happening. Trendline for an over all-direction downwards. Great risk/reward.
Feel free to leave additional ideas or thoughts in the comments below!
Gold.. Yikes$1500 plays as very active key level, as buyers and sellers have kept price wedging tighter and tighter towards the price.
OIL to the topJust take a look at my chart drawing.
Enter-reason: clear support-zone (entry zone now), over-all uptrend because this supp zone is formed at 61.8 fib level (not drawn but its a fact), great risk/reward ratio. Target level that high because its the same height that has been occured in the last up-move before so we take that height and place it on our entry level to find out the potential target level. (Black straight lines).
Comments are welcome!
Crude Oil - Back to test long term supportPrice has broken below the congested " chop zone" region. Very like we are heading back to test the long term support level, near $50. It's held multiple times so I set limit order to buy 50.75$, SL $49, TP $55 (the center point of the consolidation.
USOIL BUY ON A BULLISH SIGNALWe wait for a closure of candle above the support and strong bullish signal to get in to buy
Crude Oil Running in to Resistance 4 Hour ChartCrude approaching resistance on the 4 hour chart.
Price action still range bound.
Short from here.
OIL Short!head & shoulder pattern complete! (3 x bounce to top = grey, 3 x bounce to bottom = red).
Now: 4th bounce to top? No! Why?: because else the pattern wont work/exist. So now it cant be a pull to the top because before it did when we had the pattern. but now its finished so it will do the opposite => go down more! easy :)
