Trading Ideas
USOIL Harmonic Crab Pattern Analysis and Strategy
Mon, 18 Mar 2019 13:42:54 -0500
Update- Our positions are currently running in a draw down, but we are predicting the formation of a crab pattern. Our strategy is to sell it at the completion of the 4th leg. TVC:USOIL
USOIL
Mon, 18 Mar 2019 09:11:50 -0500
Gartley mode
USOIL long
Mon, 18 Mar 2019 05:34:28 -0500
Enter 58,21 SL 57,96 TP 59,21
usoil sell tp 1 57,0
Mon, 18 Mar 2019 04:04:56 -0500
tp1 57,0 tp2 55,5 tp max 54,0
USOIL Harmonic BAT Pattern Analysis and Strategy
Mon, 18 Mar 2019 03:52:42 -0500
We are currently trading the 4th leg of possible bat that is forming on the 1 hr chart. We are predicting this pattern will be completed as long as the yellow zone is not broken. TVC:USOIL
head and shoulders pattern on overbought market
Mon, 18 Mar 2019 01:41:23 -0500
https://www.tradingview.com/x/ZW6Q5q9I/ hey guys, from my previous analysis of wti we see that the market has recently touched a very significant potential reversal zone. https://www.tradingview.com/x/ZYfZtiey/ taking into account overbought rsi we can look for selling opportunities. this head and shoulders pattern is a perfect way to catch a pullback with your targets based on structure. just wait for a bearish violation of a neckline and sell the market. I will give further updates! good luck!
USOIL 1H Perspective
Sun, 17 Mar 2019 14:41:10 -0500
USOIL showed a strong close last week and is seemingly looking for another positive close during the upcoming week. There are potential limit buy areas highlighted in the chart. The first area of interest being the weekly HLC3 @ 5773, the level from which the price bounced during the late Friday trading hours. Market participants seem to be waiting for a pullback to add on to their short risk exposure. Apparently, bears must first close and swap the bullish gap for bulls to panic and start vacating their holdings. A further push down of the market is likely to take place if bulls fail the gap area. As long as, the gap holds, short risk exposure will be the preferred alternative.
USOIL - Half Blood
Sun, 17 Mar 2019 11:20:46 -0500
TVC:USOIL Half-Year Analysis Bullish Bat Advanced Formation Moving Averages Fibonnaci Retracement
1703 P5/8 USOIL still bull on weekly chart to 64
Sat, 16 Mar 2019 17:11:26 -0500
USOIL is still bull on weekly channel with two support candles in last 2 weeks.' Those two candles candles could kill lots of traders because on daily chart it was only a small range movement and quite a lot of fake signals appeared. Eventhough we keep the long view on USOIL, it still hard to find out an entry with a satisfied SL and promising TP on 4h chart. Just need patience. Less is more!
USOIL sell trade plan
Sat, 16 Mar 2019 08:54:02 -0500
Hai Traders, Today i would like to share some of my simple trade analysis and plan but have a good risk reward ration and winning rate. 1.wait for the price wait to reach fib 0.618 (golden ratio) / this fib is also align together with the support and resistance zone. (a good idea to make a sell plan in my opinion) 2.wait for the pattern to break out (this one is my enter strategy to reduce my trade risk even this trade already have good winning ration) Please feel free to use your own trade strategy. Good Luck and Trade wisely
USOIL Three drives
Sat, 16 Mar 2019 08:27:09 -0500
Looks like we are having a possible bearish three drive. First bullish wave from 50.38 to 55.75 First bearish Pullback 55.75 to 51.23 ( less than 0.9 retrace of first bullish wave) Second bullish wave from 51.23 to 57.88 ( 1.47 extension of First bearish pullback ) Second bearish pullback from 57.88 to 54. 52 ( less than 0.9 retrace of first bullish wave) Third and the most important BULLISH wave up. It is likely to be same as second bullish wave--- 1.47 extension of 2nd pullback,where land us at right below 59.6 .. roughly 59.25 to 59.46 zone. Looking for a reversal candle around this area would be a good idea. Now the the price movement seems symmetrical, however, the time frame is not yet. The two bearish pullback wave was 6 days each, and the bullish waves are around 15 to 16 days. The Third bullish wave we are in now hit 58.95 on Friday. If we do end this wave in the 59 zone, we have to travel around 10 days to get there... ... oh well, its gonna be some twisted movements.
(PREVIOUS TRADE) Oil key structure broken at 57.9
Fri, 15 Mar 2019 11:00:54 -0500
EP: 57.9 SL: 57.4 TP: 1:1 RR Ratio Now TP hit and it's prudent to close some profit and keep holding the long position.
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