the 2nd wave of Elliott is comingcypher harmonic pattern:
AB=0.61 XA
BC=1.41 AB
tp1=0.78 XA=$91
tp2=1.27 BC=$137
tp3=2 BC=$470
Brentoil
UKOIL, possible scenarioAs it can be inferred from the chart, the bulls are still in control of Brent, and the growth should continue. We are expecting the price to drop till the area circled on the chart, from where the price is highly likely to keep growing and reach the key zone marked on the graphic.
Happy trading, everyone!
Brent: Where are the Bears? 🐨🐨🐨As regards the oil market, we are still waiting for the bears to fight back and pull the price under $64.56 and $60.26, respectively. By doing so, they’ll enable us great entry chances for the upcoming bullish run which we expect to reach way above $80 in the longer run. Only a premature breakout above $71.36 would make us change this scenario.
Keep trading!
Oil - Possible Wyckoff AccumulationIdea for Oil:
- Oil seems to be setting up for an inflationary shock event in the longer timeframes.
- Understanding the trend of oil prices can help in market selection and portfolio construction.
- Oil has broken out of a falling wedge.
- There was a Wyckoff Spring from Hades as price went negative!
- However, lower highs, lower lows, and volatile sell-offs are still a sign of weakness.
- Oil has shown that its price can go negative, so a relatively low price should not be mistaken as a bottom.
- Something to mention is that Biden has shown his international non-interventionist stance with the Israel-Palestine event, and I speculate that he is turning his attention toward domestic population control, from the UFO disclosures. This is a signal for volatility in oil during his term.
GLHF
- DPT
OIL Daily - Potential double top The bull flag we identified is still in play BUT there is a potential double top developing that will be confirmed with a close below 60. However, we may get some sideways consolidation here, and a break above 70 will continue the original bullish thesis. In summary: Bullish >70 & Bearish <60
15% Move for Brent Oil Brent Oil trading within the Apex we are soon to
get a breakout or breakdown .
As detailed on the chart we can see that the .75 Fib has been
a Strong support for Brent since December 2020 and is still respected .
With that said we have a measured move of around 15 percent for this to extend
its uptrend into the 80 dollar zone or retreat back to the 56 Dollar level where we can expect support to hold .
Like and Follow for Daily Analysis , signals and to see or hear my perspective .
Know your Invalidation and Trade With a Plan .
PLEASE NOTE THIS PERSPECTICE IS BASED UPON TECHNICAL ANALYSIS ONLY
I DO NOT FOLLOW ANY GEO POLITICS THAT OF COURSE CAN EFFECT THE OUTCOME
SHOW ME THE CHART AND I WILL TELL YOU THE NEWS IS HOW I WORK
Brent oil is a cyphercypher harmonic pattern:
AB=0.61 XA
BC=1.41 AB
tp1=0.78 XA=$84
tp2=1.27 BC=$136
tp3=2 BC=$465
CRUDE OIL - Potential Bearish Reversal Soon!Hello everyone, if you like the idea, do not forget to support with a like and follow.
CRUDE OIL is sitting around weekly resistance in red so we will be looking for sell setups on lower timeframes.
on H4: CRUDE OIL is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, CRUDE OIL would be overall bullish and can still dive inside the red resistance.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Let's wait for the oil to riseDescription :
As you can see, we see a triangle that broke it upwards and there is a possibility of a price rise, and the first target will be near that peak.
End of USDNOK decline ??Hello
I hope you are well
This analysis is done on a daily basis and has long-term goals.
As you can see, Sharp has a rising price, but in the face of a gradual and slow decline. It is a downward trend. Finding a suitable point seems to allow us to make a good profit from the market. If buyers can break the trend line and the price of 8.38722 with strength, you can be a buyer every time you return to the broken trend line and the mentioned price. But from here, the chart can move to the price of 7.9619, the support zone of which is clear in the analysis, and then climb up. In any case, we are waiting for Kendall's approval. But on Friday, the interesting Kendall finished his work !!!!!
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⚠️ 1. We publish this trading idea to help analysis, so if you have an idea that you think is right, do not be influenced by this idea.
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UKOil (Bearish Bat) Here on Brent Oil we have a bat pattern (much cleaner than West Texas) the Grey Box indicates some areas of confluence. the middle of the box is the .886 of the XA leg. the low side of the box is the 1.618 Fibo Extension of the ABC legs of the pattern and the top range of the box is 2.0 range of the BC leg. this area has proven on the left to be quite powerful printing an 88 point swing point. look for a violent rejection out of this zone for a minor reaction. Look of a "M" pattern for a more substantial reversal. I think this is more of a corrective move of the much larger picture so be prepared to see an ABCD pattern bringing price back up for the longer haul.
USOIL ANALYSISUSOIL respects uptrendline
Price is based on key level at 60.75
MACD shows weakness in bearish momentum
RSI reached oversold region
we r waiting price to break corrective downtrendline with bullish movement to open long trade
It's expected to target level 62.60
OIL Daily - Pulled into buy zone ... waiting confoReversed off overhead resistance into our 65 buy zone. Would like to see daily bullish candle to confirm support. Bull flag still in play
CRUDE OIL - Video RoadMap Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Brent Crude: Great Potential 💯💯💯Although it does not seem like there is much to see in this chart, we actually expect the British crude oil to perform very well over the next couple of months. In the imminent course of action, we believe that the price will slightly increase and then move on to complete the correction under $59.04. From there, we will be all set to experience a long bullish run in the direction of $80 and above!
Also, check out our other forecasts!
BrentOil 4hTendency: upward
Targets: 65.0 and 67.6
But under support line 60.00 will be downward ..
The 60.00is a strong support for downward tendency in 4h and daily chart but stabilizing above it the view of BrentOil is Upward (not bad for down)
Brent oil 4h (upward triangle) On 4H
~Stabilized above 63.14 will get (67.60) &(71.44) ,
~Stabilized under 63.14 will get (59.50)
Crude Oil Elliott Wave IdeaUpdate (alternative) to a previous idea >
Maybe oil is in middle of a complex (WXY) correction as part of a larger degree wave 4; Wave C of X could reach $64 area before wave Y towards $50
Brent oil 4h (triangle)
~Stabilized above 63.14 will get (67.60) (71.44)
,~Stabilized under 63.14 will get (59.50)
