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Bullish Bat

Great Wins on WTI💰 Celebrating two great wins on WTI in June! But let me clarify, I'm not chasing streaks—I focus on proper setups. Let's dive into the current situation for WTI, aka US Oil. 📈 The market is testing the support line on the weekly chart. While some traders see it as strong support and anticipate buying opportunities, multiple retests increase the likelihood of a break. That's why my highest priority is shorting WTI and monitoring key levels. ⏰ On the 4-hourly chart, I'm cautious about shorting at the Bearish 5-0 pattern. If I spot an RSI divergence, my perspective may change. ⬇️ Instead, I'm patiently waiting for the Bearish Shark Pattern at 72.03 for a shorting opportunity. ⏱️ On the 1-hourly chart, if you're seeking a buying opportunity, watch for a confirmed candlestick pattern on the Bullish Bat setup at 69.61. 📊 Share your trade plan for WTI! What's your top investment product?
TVC:USOILShort
by RaynLim
WTI H4, Bullish Shart RetestThe Bullish Shark Pattern has formed on the 4-hourly chart. It is a retest of entry; the setup looks legit, its potential returns tempt me If you are interested in getting involved, the entry price is at EP: $67.67(buffer $2.50) ISL: $66.55($-1.12) TP1: $70.31($2.64)2.35 TP2: $72.15($4.48)4 Do your own analysis, and do not follow blindly. At 9.30pm(SGT), approx 6hours from posting, there's a lot 4 major Central Bank Gov. speaking. BOJ, BOE, ECB President,Fed Chair If the situation permits, that's the time I would like to shift my stops to entry.
TVC:USOILLong
by RaynLim
4
LUNA Classic: Bullish Bat PCZ at Congestion ZoneLUNC was sent down to this support level after breaking through the B level of the Bullish Bat and confirming the breakdown with a Bearish 5-0, as seen here: Even as the rest of the market has risen, LUNC continued its downward path to the support zone, and now, just as the rest of the market looks like it wants to take a break, LUNC has finally settled down within the support zone and has formed two levels of MACD Bullish Divergence as the RSI went to the oversold zone. We might see LUNC do something that it has done in the past, which is to rally during a time of macro slowdown, as that's what the chart is implying right now.
Long
by RizeSenpai
1
Correlation Matters No More For the longest time, I've been saying that the correlations between the currency pairs have been weakened. Traders have asked me why I have NZDJPY and NZDUSD in my portfolio. Doesn't it move in the same direction? Over the years, these correlated pairs move pretty differently. And recently, the WTI and Gold have no longer moved in an inverse relationship. So yeah, I'm treating them as their own. Although both the 4-hourly and 1-hourly charts show buying opportunities through a potential Bullish Bat Pattern and a Bullish Shark Pattern, I'm more interested in waiting for a shorting opportunity on the 5-0 Pattern. What's your take on the NZDUSD?
Short
by RaynLim
Binance Coin BNB - Going Bull - Last CrashBinance Coin doesn't seem to show the same Bearish patterns as the rest of the Cryptocurrencies. It appears that it's one step behind on the Bearish Stance. But can start flying now? YES! It met all the necessary requirements. However, if another last bear leg comes, it might as well catch up and reach the Demand Zone in a fast manner. I'm saying that because when this "thing" drops, it does massive candles. So, I'm taking my time with BNB . An awesome level would be $80 , a dream come true for every HODLer out there. Let me tell you why! Binance Coin ( BNB , BNBUSD , BNBUSDT , BNBBUSD ) Technical Analysis: * Elliott Wave Impulse: SuperCycle (a) (turquoise) * A-B-C Zig-Zag Correction: Cycle Degree (a-b-c (red)) * 88.6% Fibonacci Retracement * Harmonic Pattern: Bullish Bat * Bullish Divergence If that last bear comes, I will add some more to my portfolio. Moon was just a dream, Mars is a desire. The real destination: Interstellar. Stay strong my fellow HODLer. Richard, the Wave Jedi.
BLong
by Lionheart-EWA
2
Combo Trade with RiskThis trading setup provides 1 of the Best Profit Factor. But because of how the candlesticks interact on the PRZ(rectangle box) it is also the most dangerous trading setup. On the 8-range bar chart, there's a Deep Gartley Pattern setup, and on the 4-hourly chart, a Bat Pattern setup. Both setups is now resting at X. If you are new to trading, avoid this trade. If you have not traded Oil before, reduce your position sizing by at least 5x. It is better to missed a trade than to enter a trade you shouldn't have.
TVC:USOILLong
by RaynLim
ChargePoint After Filling a Gap is Back at the PCZ and Ice LineChargePoint has come back to the PCZ of the Bullish Bat and The Ice Line of the Range; presumably to fill a gap that it had created several days ago when it gapped up from this level. Now that the gap has been filled, I would expect to see this level hold much the way it did last time and go for the Bullish Breakout of the Descending Supply Line from which could in time lead to it trading up to anywhere between $20 and $30
NYSE:CHPTLong
by RizeSenpai
1
🛢️🚀 Fueling the Bullish Fire: USOIL Buy Signal Ignited! 🛢️Attention traders! We have an exciting opportunity on the horizon as we unveil a compelling bullish setup on USOIL, unfolding on the 15-minute timeframe. Get ready to ride the wave of optimism and seize the moment as price forms a bullish bat pattern, a powerful harmonic formation renowned for its success rate. But that's not all! Recent news regarding oil has further bolstered our bullish thesis. With a significant drop in crude oil inventories, the fundamental landscape aligns with our technical analysis, providing an additional tailwind for the imminent rally. Our focus now shifts to the Potential Reversal Zone, a critical juncture located around 71.20. This zone marks the perfect springboard for a strong bounce, presenting an excellent opportunity to catch the anticipated rally. Keep a keen eye on price action, as the formation of a bullish candlestick will signal the green light for our buy entry. As we set our sights on profits, it's essential to identify key levels. The initial target lies at 72.50, where price is expected to revisit and potentially find resistance. Beyond that, the journey continues to our ultimate target of 73.50, where further upside potential awaits. To add an extra layer of confidence, the RSI indicator validates our buying thesis. With the RSI strongly oversold, we're entering an attractive zone for potential buyers, further reinforcing the robustness of this setup. all eyes on the PRZ, keep your sight on it and see price reaction So, get ready to fuel your trading engines and embrace this bullish opportunity in USOIL. Feel free to share your toughts in the comments section, and don't forget to press the like button if you think this insight was helpful !🛢️🚀💪
TVC:USOILLong
by Thomas_Zito
4
It's Merely a RetracementIn a world where media and forums express bearish sentiments towards USDJPY, my unwavering bullish stance may have caught your attention. While others see a bearish retracement, I invite you to see the bigger picture. Take a glance at the weekly chart on the right, and you'll witness the bearish movement as nothing more than a mere retracement of the monumental US dollar skyrocketing trend I accurately predicted on 14th October 2021. It is this understanding that fuels my anticipation for an imminent buying opportunity. My attention is fixed on the 1-hourly chart on the left, where the market is poised to retest the crucial level of 137.46. This critical juncture presents the ideal scenario for a potential buying opportunity, perfectly aligning with the formation of a Bullish Bat Pattern. While others succumb to pessimism, I see the hidden potential for USDJPY to surge once again.
Long
by RaynLim
2
One last SHOT!!If you have been following, you should know I've been getting into the long position on the AUDCAD to take a ride on the Weekly Chart's 5-0 Pattern. If you aren't familiar with harmonic patterns,it means I'm looking to have a ride on the bullish trade from a mid to long-term perspective. (approx 2mths) There are a couple of attempts, and not all went to loss, it fact I'm pretty profitable with these trading ideas when I didn't get what I want. This is probably the last or the last is near for these trading ideas to work. I'd engaged the bullish bat pattern on the 4-hourly chart and see if it able to take me to my final target for the 5-0 patterns and beyond.
Long
by RaynLim
Taking an Aggressive Approach for Extended TargetsAfter a considerable wait, the bullish bat pattern has finally been completed, indicating a potential buying opportunity for traders. However, conservative traders may want to wait for the candlestick to close at 1.2463 before entering the trade. On the other hand, I took a more aggressive approach and entered the trade today, given the presence of two extended targets on the GBPUSD trade. It will be interesting to see how this trade progresses, and I have placed a safe house at the traditional first target of the Bat Pattern to manage my risk effectively.
Long
by RaynLim
This could be a Big OneAs an experienced trader, I've identified a significant trading opportunity that I'm eager to execute. My strategy involves a buy and hold approach, with a focus on minimizing risk and maximizing rewards. Rather than setting multiple targets, I prefer to extend my targets and remain flexible based on the market conditions and candlestick patterns that emerge. This comprehensive trading plan enables me to minimize the time I spend monitoring the markets, allowing me to focus on other important aspects of my work. With a keen eye for detail and a commitment to achieving my goals, I'm excited to see what the future holds for this trade.
Long
by RaynLim