OILUSD What a joyful week , made good gains this week TA is king , inverse head and shoulders I called a few weeks ago has played out like a boss Next stop 65.3 , 🚀💵🚀💵
USOIL hoped you have good run up. I was about to say buyers are set to suffer next week with target 61.80-61.50 and I just can’t come around and not give my special thank you to my fiend who didn’t disappoint me and report my post receiving just about nothing. Have a great weekend.
USOIL Last Call for the New York Session: Going back to the 30-minute timeframe, a large M-shaped pattern is definitely forming.
You can see that a Three Methods Rising pattern showed up that means a continuous bullish trend. The rally may breach the Daily's Swing High of 64.80, then head down.
If this is the 3rd leg of the M-shaped pattern that creates the second peak, then the 4th leg will be a long bearish trend. The pattern's neckline is the lower end of the S&R Zone.
USOIL Checking out the 30-minute timeframe, which I don't typically post about, it's in Bullish (directional) Market Bias.
Take a look on the chart at the new S&R Zone created. That may prevent a proper retrace to the downside. The bulls may go as high as 64.84, which is the Swing High of the Daily, then retrace down to the S&R Zone (that starts at 64.49). We'll see.
Also, a Triple Inside Day formed, which means a BIG move ahead.