US oil seems to be bearish for this week tooMost probably the trend seems to be bearish as the weekly channel has broken and the retest is going to finish its high.
So plan your trades wisely.
Thank You.
Usoilshort
USOIL | 2 Short scenarios | 15min Tales | Chapter 2Be aware this trading scenarios are based on the 15min chart.
TLA1 is based on a recent Swinghigh that served as a strong resistance level.
1. Short (Orange arrow)
Requirements:
- Price falls below TLA1
- Price moves to S/R Level 1 or falls even deeper
- Short opened on retest of TLA1
Target: Recent Swinglow aswell the next Support level (on that timeframe)
S-L: See chart - i dont want to see a candle open/close above it
2. Short (Red arrow)
Requirements:
- Price goes below TLA1
- Price falls atleast to S/R Level 2 or lower
- Enter short on retest of TLA1
Target: HTF Support level and first stop of the recent downtrend
S-L: See chart - i dont want to see a candle open/close above it
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
🐻USOIL ShortUSOIL Has exceeded the expectations I had for it 2 weeks ago. Though it didn't go down the way I was expecting, it went down.
We now have what looks to be a bearish continuation setup and that is what we are looking to take advantage of.
A bullish movement is expected and will likely result in the rejection of that trendline, pushing the price down.
⁉️ USOIL - Market AnalysisHello traders!
⁉️This is my analysis on USOIL.
Here we have seen a change of character, this means a reversal in the market structure. Now I am looking for shorts, so I expect the price to continue the retracement and if the price fills the imbalance and rejects from bearish orderblock I will open a short position.
Like, comment and subscribe to be in touch with my content!
Long on USOIL/ WTIBased on the structure of price action. There's a potential H&S, if this plays out then we can expect movement to the downside on the right shoulder, if not, we can see price move further above that supply zone.
DISCLAIMER: THIS IS ONLY A POSSIBILITY not a guarantee. The point of technical analysis is to understand structure and have clarity of the charts not so much predicting the chart but equip us for better reaction.
USOIL Short: Tweezer Top Identified on 1Hr Time Frame Trend: The overall trend is downwards as it is making a series of LL and LH according to DOW theory.
Reason for taking Short Position: A formation of the tweezer top at the LH of the chart indicates the price will move downwards from here and touch the bottom of LL.
TP1 is set to the LL of the chart where as TP2 is set to the next resistance level.
SL is placed as the LH of the chart.
0807 NFP P4 USOIL will test 90 soon??Hello traders,
You might have a new chance to sell USOIL again.
This time you should make a new target down to fibo 1.27 90 to setup your selling order.
My last idea on wkly plan to buy USOIL failed already.
This is a new plan based on 4h chart.
GOOD LUCK !!!
LESS IS MORE!
3006 USOIL going to test 100 SOON with OPEC meeting Hello traders,
USOIL has made a strong bearish swing yesterday.
Price now is staying beneath EMAS.
I got this idea yesterday that waiting for a fake breakingout to sell USOIL .
It happened.
So for this THURSDAY, with not much expectation on the OPEC+ meeting, USOIL should just follow the new swing down to test lower supports.
GOOD LUCK ON THIS SELLING PLAN.
LESS IS MORE!
2906 USOIL 1H ell with a not happened fakebreakout signalHello traders,
USOIL is meeting a pressure zone now.
The ABC wave here is a potential M head to sell.
I am looking for a fakebreaking out signal to sell in later NY session.
Wish luck for this plan .
LESS IS MORE!
US OIL analyzehello everybody.
according to the technical analyze we can see the terminal trend in US oil.
and i think the trend in 1D timeframe become weak and i see a correction potential for that.
after we break out of disjoint channel that i draw on my chart we could have a pullback and after that
go down.
the first target for swing traders is around 93 94
and we can see a strengh support around 85-90 area like i illustrate in chart.
PCC(point of control)is in this area and we have the MA200 here too.
in addition longterm trendline is around this condition.
so we have 3 important levels and support in this area (85-90).
our momentum is in overbought level and going downward.
dont forget to put stoploss above the last major high.
(NOTE:friends this is my personal opinion and its not a trade suggestion.
please analyze in your own strategy and help me be better)
thank you all.
Some room lower..Since my last idea long worked and my target has been reached, i believe it is now time to short USOIL.
There are a lot of resistances above, we are on top of my stoch, it needs to go down for a time before eventually going higher.
That being said, i'll keep a stop loss really close in case it wants to surge higher
USOIL bearish for 97.00#usoil, 29th June daily bar made a key reversal bar, made a new high closed off the low. i was bearish on usoil from 120.40 on 14th June as well. Next bearish target is 97.00. use low risk if price retraces upside to retest supply zone area then may add further risk.
Usoil WAITING FOR BREAKOUT----SELL!!!!!Looking for a nice strong 1H breakout, I will be going short at the retest. Targets on the chart.....
Let's MILK the markets, guys.
Like and Subscribe, Peace!.
Oil finally going down ?We are near a strong resistance, almost touching the 0.5 Fibonacci and on top of my stoch.
If we have a double top this will definitely be an opportunity for me to short, the purple arrows show some of the TP it could reach
Warning, it's still bullish long term in my opinion
🐻TIME TO SELL OIL??!!!Oil has been riding that trendline to new heights, but the more times a trendline is tested, the weaker it gets.
this theory has held true once more as price has broken below this MAJOR trendline.
A break of structure can also be spotted as price retests previous areas of support as resistance.
It looks like its time to sell as price seems to have completed the wave sequence of a bearish continuation pattern(bearish flag pattern).
CHECK THE LINKED IDEA FOR THE FULL SETUP
TVC:USOIL
Happy trading!!
USOIL bearish for 103.00#usoil, oil forming weekly lower low and lower high. 109.80 and 110.80 supply zone for short, stop loss above 110.80 i.e 111.30 (more secure) for target 103.00.
🐻USOIL BEARISHOil has been riding that trendline to new heights, but the more times a trendline is tested, the weaker it gets.
this theory has held true once more as price has broken below this MAJOR trendline.
A break of structure can also be spotted as price retests previous areas of support as resistance.
A bearish market is what I am strongly anticipating, and sells I shall look for. Hoping to use the profits for some gas money!!😂
TVC:USOIL
Happy Trading!!
June W.5: Medium-term trend signal!Hi friends, I hope y'all had a fantastic weekend and are ready to finish this month strong ;)
Today, we have 2 possible sell trades on this baby. Last week I shared a trade idea on this instrument and we missed the trade, however, the price didn't reach our take profit point which that gave us another opportunity to catch the bearish trend. This trend is derived from the monthly that is in the huge bullish half a bats level 2 formation that will either bearish bounce off or break the 8 m.a that hasn't been retested for 4-5 months to confirm the trend-continuation. So we looking forward to taking a counter-trend trade, but there are 2 possible scenarios that will determine in getting the trades or not.
Bulls: -If the price forms a bullish reversal pattern that leads it to bullish break and retest the Daily H&S Neckline 2 together with the 50 and bullish short-term m.a's, that will dis-confirm both trades.
Bears: -If the price bullish bounces of the Weekly Neckline 3/Daily H&S Neckline 2, 50 and 8 m.a's with a bearish reversal candle or pattern close, that will either trigger what I call an "H&S A-E.3 SELL signal or H&S B-E.1 SELL signal". That's the first trade signal. For the second trade signal, after the price has trigger the first trade and proceeds to drop and break and retest the 1st Daily Ke Lvl, that will trigger what I call an "H&S B-E.2 SELL signal" that will lead to a 2 level drop to the last take profit point. That drop will form a big double top on the weekly, and it be visible on the monthly as a mini reversal pattern.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji-2k1.
USOIL MARKET OVERVIEW Good evening everyone;
We stood off WTI this week and let it run it's course, we got caught out a few times last week trying to take some trades but they don't always work out. WTI has completely broken it's short to mid-term structure and I only think thinks it's pulling back due to weekly closures. I believe that WTI we continue bearish but the overall bullish trend can't be prevented. I am still targeting $185 a barrel which I think we will get the next leg for once we have the long term trend correction.
Governments are trying to resolve the energy crisis which is being heavily influenced by the price of USOIL. I believe OPEC will make attempts to increase the number of active rigs and output in an attempt to drive WTI down (which it will) BUT only temporarily. This is a train which will not stop until inflations clams down but we're only just getting started.
We warned of inflation, recession and market crashes before it even hit your mainstream media screens.
USOILHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
2306 USOIL make a plan to sell but not nowHello traders,
Oil has made such a strong downtrend after breaking out the long-term trend line.
Now it is standing on a possible week support since it cant just break it in one simple bearish candlestick on 4h chart.
A retest of it with some bullish candles on 1h chart make oil possible to retest a near high 106-106.7first to make a possible double head first.
So if you want to sell it , just wait a new signal round 106-106.7 before making any new move or order. That will make you trade much better!
GOOD LUCK ON THIS PLAN .
LESS IS MORE!
Crude Oil to 98$ Crude Oil to 97/98 area according to Trend-Based Fib Extension, and a strong DAILY support as shown on the chart.
USOIL - SHORT POSITION IN FORMATIONBreak of structure happened 14 June
Daily time frame
LH formed
LL in formation on Daily time frame
