OIL IS VERY BULLISH WAVE E ENDED The chart posted is that of WTI . even in a bearish alt oil will see back to 80 The cycles model is in the bottom phase and is set to turn up for the rally into first 90 days . bearish for SP 500
WBS1! trade ideas
WTI Crude oil - last update.Our overview: RED SEA uncertainty regarding commercial vessel traffic routes still on focus. Waiting for the API data. Trends analysis: Primary(purple): upward corrective structure wave B, intermediate(green): corrective structure wave A, minor(yellow): downward impulsive structure wave 1, intraday(orange): downward impulsive structure wave 5.
Our current strategy: Neutral. Our current position's risk profile @$75.43: delta -0.036, gamma 0.0075 Hedging point: Not set
Targets:
$79.50
$77.80
$76.52
$74.87
$74.07
$73.35
Oil short part 212.26.23 In this video we get into the specifics when drawing the tools, Deciding on the probability with regard to whether the market's going higher or lower, Determining stops....And we even have a potential reversal if the market starts moving higher that could indicate the markets going to expand higher. In other words I think the probability is that the markets moving lower.... and yet if it moves higher it could actually accelerate higher.... and if that really does happen we might Decide to be more aggressive if the market fails to go lower and then this higher... take this as a sign that the market might move significantly higher than yesterday's range. There is always that issue which says that the market, But if the market goes higher it could go a lot higher. In order to think like this you have to adjust to changes in Market Behavior.... and for that you have to be more flexible and open-minded and be willing to tolerate more complicated potential scenarios. Remember.... always have stops in case you're wrong. This will save you from a lot of pain and suffering. You don't have to be right as much as you have to be protected.
Oil short trade 112.26.23 On this video I started talking about the dhy... the dollar. I did this so that we could take a quick look at how I would use the tools in a way that's productive.
I'm not so enthused for an opening trade on the metals, But I do believe there's a reasonable short trade with a small stop on oil. I will make that the second video today.
Micro Crude Opening Range! 4 hour chart trend is up, momentum is up.
1 hour chart trend is up and momentum is up
5 min opening range broke out to the upside and retested the demand zone inside of the range.
Took the trade long and scaling out of the position at multiple targets.
LQ swipe in Premium 👀Good old light sweet crude oil
A very aggressive market compared to FX.
Now definitely close to be shifting into pullback or reversal after this momentum
Buy high & Sell low ?🥴TIP: Identify key VA's that reject price in low value / low volume areas.
These price areas (not lines*) will reflect true entry areas where the ones that entered before either quickly moved price away from the current direction (reversal) or very aggressive through it.
Price reacts and develops new rithms over a certain time, but one thing will always be true. To a minimum,
Sell High & Buy Low
You never want to buy something expensive
You never want to sell something cheap
Same Shit
Pick the right Liquidity pool
1st target hit. Will it reach 2nd Crude Oil target 76.32?Elliott Wave Theory projects this wave to make it up to 75/76.32. Problem is that technicals don't immediately support that idea, and or in fact bearish right now. Will be resolved this week, imo. I'm flat and looking for long signals...
Crude OilCrude Oil Chart Analysis 24/12/23
Long : 6000-6080
Sl : 5970 Closing Basis
Target : 6290 / 6490 / 6680
Enjoy !
CL! Short-Term Tradeeasy trade with CL!
The price might spring support. My first thought is that support will hold and the price will bounce off it and rally. It might not hold. I will consider those options more in depth once the price visits the support zone. I might publish another idea updating it, but considering I have no cloud I will probably not.
My view on CrudeoilCRUDEOIL trading in desceding channel.
it should give channel breakout above 6280-6290
looking target 6500-6600+++
in very short term
keeping on radar Crudeoil 6300 CE (Jan.)
CL (Crude Oil) short overnightI believe CL has finished its bounce and will begin moving back lower. This is an hourly chart.
Long CL DR IDR retirement setupRetirement setup using DR IDR on Crude Oil with DR confirmation to the upside and price retracing down to retirement levels.
Crude oilCrude oil Chart Analysis 21/12/23
Long : 6080
Sl : 6000
Target : 6180 / 6225 / 6300
Enjoy !
Crude oil continues to go longIn recent days, we have been bullish on crude oil, whether it is the shape or the indicator has formed a big counterattack signal at the daily level of bulls, 74.40 resistance position has not been able to suppress the bulls of crude oil, yesterday we bought at 72.70 and took profits at 74.10! A perfect profit. So how does the oil trade at the current price?
Auction market theory for WTI crude oilBy auction market theory
low price zone attract new group of buyer
high price zone attract new group of seller
If you check volume profile
this area is HVA (high value area) in this trading zone
so this is just a bet with good RR
this bet can be considered trend follow (down trend)
hope that price will go back to POC (point of control)
Crude Making Shooting Star On Daily TL Not A Good SignCrude Making Shooting Star On Daily TL Not A Good Sign
Crude Making Shooting Star On Daily TL Not A Good Sign
Crude Making Shooting Star On Daily TL Not A Good Sign
Crude Making Shooting Star On Daily TL Not A Good Sign
light crude oil in 15 MIN As you can see, crude oil is in an upward trend and it seems that it will continue to rise but it is a trap that very few know today is the weekly inventory and according to my experience there is a high probability that crude oil is going to collapse to 71.00
Sell Jan crude at 70.36 if filled, stop at 73.18Sell Jan crude at 70.36, looking for a small short covering rally and a good entry to join the downtrend. if filled, stop at 73.18
Big move CL1!Broken 4 hr trend line
Trend line retested
Entry above 50% daily retracement
Last chance
Big move CL1!Broken 4hr trend line
Entered above 50% daily retracement
Generous stop loss
Full take profit about 176 ticks
Get in now !!
Crude oil trades around this rangeCrude oil fell last week, the weekly cross small Yang K line to stop falling and start to stabilize, after a continuous decline, a slight short-term rebound. A strong rally held the 67.70 low and established support in the previous low area. A small wave of sun line initially recovered the last big Yin K line and recovered the apex of the big Yin line. The short-term weakness will be turned into a shock, and then with the recovery of space, it will become a rebound upward, and the local formation of a long-short switch. The 4-hour chart relies on the middle rail as a bullish support to rebound, and quickly recovered the lost ground after a brief step back on Friday, while recovering the 72.0 mark, and the step fell the second high point, breaking the weak fall.
Top focus on 74.7-74.5 line resistance,
Focus on 71.8-71.5 first-line support below.
USOIL, Crude Oil a wedge in a Trading Range. USOIL / 1D
Hello traders, welcome back to another market breakdown.
Crude Oil traded lower earlier in the week after a small pullback bear trend.
The bears got 3 pushes down, forming a wedge pattern.
They want a retest of the June or May lows, followed by a breakout below.
The bulls see the current move down simply as a bear leg within a trading range.
They want a reversal from a wedge bull flag (Oct 6, Nov 16, and Dec 13) and a higher low major trend reversal. They hope to get a retest of the September high.
They will need to create consecutive bull bars closing near their highs, trading far above the the trend line to increase the odds of higher prices.
Crude Oil remains in a 71-week trading range. Traders will Buy Low, Sell High in trading ranges until there is a breakout with sustained follow-through buying/selling.
At the moment, the market is trading near the lower third of the trading range which is the buy zone.
For now, the selloff since September has lasted a long time. A minor pullback can begin at any moment.
If a pullback begins, traders will see the strength of the pullback. If it remains weak and sideways, the odds of another strong leg down will increase.
Trade safely,
Trader Leo
