CRUDEOIL Buy Setupsuper valid looking. leave a comment if you like my entry setup. this share purpose only for educational learning.
note: for more details check chart
CRUDEOIL1! trade ideas
OIL FUTURES Stock Chart Fibonacci Analysis 012224Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 74/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Light Crde Oil ( CL1!, US Oil ).... BULLISHAs I mentioned in the Weekly Outlook video, I expected the fair value gap + the bullish breaker block to hold price, and provide support for a potential rally. It chopped since Tuesday, but we've seen the bulls come in and slowly start to move price higher.
I expect that price will continue that move today.
I am looking for price to pullback a bit, after taking the yesterday's high. I should pullback halfway into Thur's candle, and push higher towards the highlighted draw on LQ (red line).
If it doesn't happen today, then I look towards the beginning of next week for it to play out.
May profits be upon you.
Crude Oil trying to breakout after a bullish divergence...Crude Oil is trying to breakout short term here, after a bullish divergence between price and volume as marked with green arrows. We like it here, with a trailing stop. DYOR
Crude Oil ready for RunBias Bullish
As Daily Resistance is going to be break
Energy demand is increasing
Seasonal support
Bearish H4 OiL This is a beautiful price action that has many confluences that support Selling Oil. Firstly, we have a clear head and shoulder pattern on H4 which indicates a sell is imminent. Secondly, we have a huge bearish engulfing candlestick on H4 that signals the bears are taking over. Last but not least, we have price in the golden zone 61.8 of the Fib - an area that is well known to see price reaction.
crude oilsellllllllllllllllllllllllllllllllllllllllllllllll, sellllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll,selllllllllllllllllllllllllllllllllllllllllll
crude live upate plz chk price trenddear all plz chk the price of crude last December price trade in consolidate and trade attempt one breakout but failure but again entry buy with small stoploss because price breakout and price may be go to upper side but we maintain small stop loss.
Crude Oil may bounce from its supportCrude oil is at a long term support near 72 and may bounce from here. It may remain in up trend for 1-3 months. The weekly chart has been forming a wedge.
Spot Bullish and Bearish Divergence PatternsHow to trade with Divergence? A condition where the price candles’ tops or bottoms point in a different direction from the corresponding tops or bottoms of the oscillator's signal line is called a divergence. Such divergence can be bullish or bearish.
In simple words, the price movement is opposite to the stochRSI,
Price lower lows, stochRSI higher lows = bullish divergence>go buy
Price higher highs, stochRSI lower highs = bearish divergence>go sell
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
