Albadran

Albadran

As can be seen H&S formation is visible and we are on the verge of breaking the red support zone. Look for SELL after confirmation.

Albadran

Aside from the obvious H&S Pattern, we are at a supply zone area on the DAILY and WEEKLY Time Frame. Look for LONG positions after breakout & TEST of the RED ZONE.

Albadran

Oil has broken through its consolidation pattern last night. Expected to retrace to drawn support line (possibily slighly lower depending on the selling pressure). The general trend is bullish, confirmed by Bull Divergence prior to breaking the consolidation pattern. Also, 3D major chart is showing a HIDDEN bullish divergence since the beginning of this week. I...

Albadran

hidden bearish divergence is a sign of trend continuation. Standard Bearish Divergence is a signal of possible trend reversal. By having the hidden bearish, it should act as a confirmation turning point for the reversal to begin. Taking this into consideration, along with the major trend line and the retest levels confirmed with key fib lines.

Albadran

We are in a consolidation stage so watch out for fake breakouts/Sl hunters as usual. Overall expectations are defined through the blue path. Price has to continue its journey to meet the 1.618 final stop ( bottom red line) before thinking of retracement upwards.

Albadran

Initial Idea is that we are going for a retrace after the bearish market we had today. A good chance to Sell the market once its proven a rejection at the next significant resistance zone. Other probability of market pushing passed the resistance zone and tries to retest before a bullish trend could be verified.