as you can see in the chart, the crude oil is passing through a consolidation phase or a trading range that is before the impulsion or storm. So far there is nothing confirming anything as the volume is still calm and the price should either break the resistance area at 38.17 to go bullish or break the support zone at 37.36 to go bearish. If there is any strong...
As you can see in the chart, the Eurostoxx50 showed a big volume explosion indicating an intention to move down yet there is no confirmation unless it breaks the support area at 3171. I showed a consolidation area in the rectangle and what made me assume a soon bearish move is the breaking of the rectangle. On the other hand, if the market changes direction and...
I do not see any reason to stay long on your trade as the market is starting to create a trading range and the volume is starting to drop down. It's Friday!
It was a tough trade but a winning trade though. I don't see any reason to stay on your trade. Cash out and enjoy your weekend.
For the ones who followed my trade at noon, you should have gotten out from your trade at 36.80 and enter a new trade to buy the market at 37.47 as the algotraders wanna buy the market now.
As you can see, the price broke the above resistance area i mentioned earlier and it is showing a big momentum thanks to the volume explosion. Make your close target at 3180! Good luck!
The price could break the resistance area and will start off downward now and will explode when there is more volume involved.
The market is doing a whipsaw move and got stuck between to strong areas: the resistance area at 37.80 and the support area at 36.98. Wait for my signal to buy or short the market.
The market made a slight bullish move this morning showing an important moment due to the volume awakening but is facing now an important resistance to break at 3173 in order to keep its direction upward. On the contrary, the market is showing that it might reach the support area at 3144 which is a strong area that should be broken if the market wants to go bearish.
Congratulations guys on your beautiful trade :) And thank you for your support!
Guys do not miss this great trade as the CL is going down since it broke the resistance and support zones. Good Luck!
I see that the market is trying to trap some trader as it is trying to show a fake move to the bottom where there is a tremendous support are at 3189 that pushes the price up no matter what! On the other hand, there is also a strong resistance area at 3217 and i see there is high probability that it will break it and move up. So, when the price breaks that...
For the ones who followed my signal this morning, i suggest that you cash out and get out of your trade. Congratulations on your beautiful winning trade :)
As i said earlier this morning, the CL could break the resistance area and will start off right now. So, i advise everyone to buy the market.
As you can see on the 15M chart, the CL is trying to go up but it has to break that important resistance area in order to keep its way to the top. If it breaks that resistance area you should buy the market. On the other hand, if the market reverses now, it has to break that support area in order to keep its way down, in that case you should sell the market.
The market is preparing to break the support area that is moving toward it now and if it breaks it you should definitely sell the market. But if it bounces back we have to wait and see if it will break the resistance area at the top and if it breaks it, the market will go high.
As i said this morning, the market went down after a long trading range but eventually ended up by giving us a beautiful sell trade. For the ones who took this trade, you better get out now where i showed on the chart. Congrats every one!
When the price crosses the resistance line at 3201, you definitely should buy the market as the volume is creating a strong momentum and the bulls are entering heavily to buy the market.