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Oilusd

Leading Diagonal, Now Three Waves Corrective??Hello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market. Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision. To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand. I hope my analysis will be useful to you in your business journey, and I wish you the best. I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely,
OANDA:BCOUSDShort
by mehdi47abbasi79
OILUSD #001 ( downward move to get lower trend line support )Hello dear traders . Good days . On monthly Gann Square , after broken Arc resistance it try to broken upper Fan trend line and Gann Box level resistance but rejected strongly . For future next Arc resistance it need to get support from monthly Gann Square Lower Fan trend line . Road map plotted with help of daily Gann square & Daily Gann Box . Good luck and safe trades . Thanks for your support and comments .
EASYMARKETS:OILUSDShort
by SHAlavi
1
Frist Wave Diagonal?? Three Waves Corrective!!Hello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision. To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis is useful to you in your business journey, and I wish you all the best. I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely
OANDA:BCOUSDShort
by mehdi47abbasi79
First Wave Leading Diagonal, Three Waves Corrective NowHello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision. To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis is useful to you in your business journey, and I wish you all the best. I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely,
OANDA:BCOUSDShort
by mehdi47abbasi79
Sideway Correction For Wave BHello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision. To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis is useful to you in your business journey, and I wish you all the best. I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely,
CAPITALCOM:OIL_BRENT
by mehdi47abbasi79
Diagonal pattern ???Hello there! I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market. Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions. To build your confidence in my analysis, I always share my previous analysis of the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis will be helpful in your trading journey and wish you all the best. Sincerely,
OANDA:BCOUSDShort
by mehdi47abbasi79
7 Dimension Analysis For OIL🕛 TOPDOWN Analysis - Monthly Bullish Structure, Weekly Bearish Inducement Overview: The monthly market structure maintains a bullish stance, holding key supports. On the weekly chart, a valid low was established, accompanied by a strong bearish inducement. While a demand flip occurred, the overall trend remains bearish, marked by a record session count and inside candle price action. The daily time frame reveals a bearish swing structure with impulsive moves, indicating potential further downside. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: ChoCh 🟢 Swing Move: Impulsive 🟢 Inducement: Suggests potential further downward movement. 🟢 Pull Back: No significant pullback observed. 🟢 Resistance Zones: Market encounters resistance at every supply zone post- ChoCh, forming a bearish build-up, indicating potential future downside. No traps observed. 2️⃣ Pattern 🟢 CHART PATTERNS Continuation Symmetric Triangle Shakeout Continuation 🟢 CANDLE PATTERNS Notable Observations: Momentum candles with Fake out/FOMO. Tweezer at the internal move top. Inside candles in the last three days. 3️⃣ Volume: Significant volumes observed at the beginning of the move. 4️⃣ Momentum RSI: 🟢 RSI Below 40: Indicates a super bearish zone with high selling pressure. 🟢 Range Shift: Shifted sideways to bearish, suggesting ongoing bearish activity. 🟢 Divergence: Hidden bearish divergence present. 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band Resistance: Strong rejection observed. 🟢 Head fake: At the top of the move, indicating a potential deep bearish move. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ Current Move: Impulsive Bearish ✔ Support Resistance Base: Takes resistance at a significant level. ☑️ Candles Behavior: Extremely volatile bearish momentum. ☑️ Trend Line Breakout: Confirmed. ☑️ Final Comments: Sell at the open. 💡 Decision: Sell 🚀 Entry: 75.22 ✋ Stop Loss: 78.04 🎯 Take Profit: 68.07, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO. 😊 Risk to Reward Ratio: 1:3.5 🕛 Expected Duration: 7 days SUMMARY: The analysis reveals a monthly bullish structure but a weekly bearish inducement. The daily swing structure is bearish with an ongoing impulsive bearish move. Recognized patterns include a symmetric triangle and shakeout continuation. Critical levels, candle patterns, and trendline breakouts were considered for the entry decision. The suggestion is to sell at the open, with detailed entry, stop-loss, and take-profit levels, presenting a risk-to-reward ratio of 1:3.5, and an expected duration of 7 days.
TVC:USOILShort
by Optimum369
Classic Zigzag Wave A Diagonal!!Now Five Wave Bear Market??ThinkGreetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
VELOCITY:BRENTShort
by mehdi47abbasi79
10
1.2&1.2 Or Expanded Diagonal??Greetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
CAPITALCOM:OIL_BRENTLong
by mehdi47abbasi79
Possible idea OILGreetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
FOREXCOM:UKOILLong
by mehdi47abbasi79
6
sell Oil now!The light crude oil futures market, with a current daily price of $73.18, is positioned below the 50-day moving average of $84.78, indicating a bearish trend in the short term. It’s also below the 200-day moving average of $78.11, reinforcing this bearish sentiment. The price hovers above the minor support level of $72.48 and is significantly above the main support at $66.85, suggesting that there might be some level of buying interest preventing a further drop. The proximity to the minor resistance at $77.43 could indicate potential challenges in upward price movements. Considering these technical indicators, the market sentiment leans towards bearish, with room for fluctuations near the minor support and resistance levels.
FX:USOILSPOTShort
by GrandeMaster
If Oil Is Bearish Market ?? Think About it!! Triple ZigzagGreetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
BLACKBULL:USOIL.FShort
by mehdi47abbasi79
Diagonal Or 1.2&1.2??Greetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
EIGHTCAP:USOUSDLong
by mehdi47abbasi79
Oil Rebounds Despite Weak Demand, OPEC's Optimism DimsOil prices are rebounding following a recent dip, sparked by the International Energy Agency's (IEA) announcement earlier this week, contrasting events from Monday. Monday's decline was largely influenced by the OPEC+ monthly report, hinting at potential price increases. However, sustained crude oil recovery requires further momentum, with a significant catalyst expected by the end of November when OPEC+ convenes to forecast the first half of 2024, potentially indicating further supply cuts. Meanwhile, the U.S. Dollar (USD) is weakening as recent U.S. Consumer Price Index (CPI) reports show declines across all segments, both Core and Headline. This convinces traders that the Fed has likely completed interest rate hikes and may even prioritize faster rate cuts. The higher crude oil prices in response to this reversal, combined with a weaker U.S. Dollar, are driving up black gold prices. At the time of writing, WTI crude oil is trading at $78.33 per barrel, and Brent crude is at $82.87 per barrel.
TVC:USOIL
by Larissa-Trader
1
Bear Market In oil !! Triple ZigzagGreetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
BLACKBULL:USOIL.F
by mehdi47abbasi79
Diagonal Pattern? Or 1.2&1.2!!Greetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
EIGHTCAP:USOUSDLong
by mehdi47abbasi79
Crude oil Wednesday strategy On Tuesday (October 31), under a series of negative impacts, WTI crude oil closed down 1.5% and broke through the key support of $82.00, indicating that the rise of WTI crude oil since the beginning of May is facing an end, and at the same time, downward space may be opened. Looking at the daily chart of crude oil, oil prices have stopped rising at a high of 95 and entered a correction state. Oil prices have experienced a two-week decline and adjustment. Oil prices have crossed below the moving average system, and the objective trend has entered sideways consolidation. The original flag-shaped relay pattern has been destroyed. Under the uncertain war and conflict, oil prices continue to reverse upward. The current mid-term trend of crude oil has entered a high-level consolidation pattern. If the situation escalates, it is not ruled out to review the rise again. The short-term (1H) trend of crude oil continued its volatile downward trend and hit a new low of 81.40. The moving average system is arranged in a short position, and the short-term objective trend remains downward. In early trading, oil prices adjusted weakly near the lows, and short-term momentum prevailed. Pay attention to the resistance of the yellow downward trend line on oil prices in the chart. It is expected that crude oil will continue to decline in the short term during the day. interval category. It is expected that crude oil will continue to decline during the day and test the support position at the lower edge of the 81.70 weekly chart range. Trading signals: sell82.50 sl84.00, tp80.70. For more analysis, please join me
TVC:USOILShort
by Krause_Philipp
Crude oil trading strategy Through the analysis of the hourly chart of crude oil, we know that the last trading day first fell, then rose and then fell. The pressure that reached the middle track of the Bollinger Band above was blocked and fell back. We can clearly see from the picture below that the main bulls continued to intervene in the bottom area of the market. , in the short term, there is currently a top-bottom-raising movement, which is very likely to break through the suppression of the middle track of the upper Bollinger Bands with heavy volume. In the short-term below, we focus on the support of the upward trend line. In terms of operation, we continue to think high, low and long, focusing on going long on dips. Specific suggestions are as follows: Crude oil buy84.20/83.20 TP 85.5-85.8 Crude oil SELL 85.8/87.5 TP 83.5-84.5
TVC:USOIL
by Krause_Philipp
Why hasn’t crude oil skyrocketed? There has been a lot of fundamental news in crude oil trading recently, with hospitals and schools in Gaza being bombed, and Iran calling for an oil embargo. Why haven’t oil prices exploded? Three major factors indicate that oil prices are in a storm! 1. OPEC+ has no plans to hold a special meeting and take immediate action. Judging from OPEC+'s recent statements, it expects global oil demand to remain optimistic in the second half of the year (Saudi Aramco CEO predicts that global oil demand will reach 1,030 barrels per day in the second half of this year), and the oil market situation is balanced and reasonable. In addition, if there is a sustained oil supply shortage in the market, OPEC+ may even increase production in 2024. The oil market currently has 3 million barrels per day of spare production capacity. 2. The Venezuelan government and the opposition reached an agreement on the presidential election. On Wednesday (October 18), the U.S. Treasury Department issued a suspension order authorizing transactions with the Venezuelan oil and gas sector, which is valid for 6 months. Venezuela's crude oil exports exceeded 800,000 barrels per day in September, the second-highest monthly export rate since the beginning of the year, and its oil exports are expected to rise further. However, due to Venezuela’s backward infrastructure, the short-term impact on the oil supply side is expected to be limited. 3. U.S. bond yields hit multi-year highs. U.S. retail sales in September announced on Tuesday (October 17) were stronger than expected, showing that consumer enthusiasm is still high. JPMorgan Chase raised its third-quarter U.S. real GDP growth forecast from 3.5 % was revised up to 4.3%. The market is betting that the Fed's interest rate cut will be further postponed to the third quarter of next year. The 10-year U.S. bond yield exceeded 4.9% intraday on Wednesday (October 18), reaching a maximum of 4.934, just one step away from the 5% level. To sum up, the author believes that oil prices are already in a "storm". Although oil prices are in a "dilemma" in the short term, when more oil supply and demand factors are involved, this often means that a new round of unilateral market may be about to occur. It is foreseeable that if the situation in Gaza worsens further, it will further unite Arab countries. In addition, once Iran joins the conflict, the possibility of Iran blocking the Strait of Hormuz cannot be ruled out, which may cause oil prices to hit the resistance above $100. On the contrary, if the situation in Gaza cools down, oil prices may give up the gains made in the past two weeks. In addition, Federal Reserve Chairman Jerome Powell will deliver his last speech before the "silence period" in the early morning of Friday (October 20). As U.S. Treasury bond yields continue to surge and financial conditions tighten, it is expected that Powell will be more likely to release "dovish" remarks, which may be beneficial to short-term market sentiment. Emergencies based on conflicts in the Middle East may appear at any time, and crude oil is more likely to rise again in the short term. For short-term operations, enter quickly and exit quickly, and don’t be greedy for profit expansion. Short-term operation suggestions: OIL buy:86.5 -87 tp150pips sl 86 Since the crude oil prices in the delivery accounts are different, we need to buy within a reasonable range based on our own crude oil prices. Traders who need help in trading can join me, maybe you will find a good trading helper
FX:USOILLong
by Krause_Philipp
Oil price analysis in weekly timeBut black gold What is 100% clear and certain for me is that there is no seller in the upper price levels and the price level of $130 is empty of heavy sellers and oil has a target of $138. But until the price reaches 138 dollars, many ups and downs are possible, because the weekly price structure is currently downward and the price has made a PA in the range of 75 dollars. My event is determined by the fluctuations in the price of the red chart. In my opinion, inflammation and big events are happening in the world, which we will witness in these years, and these developments have started from the Middle East. Like a 52 Hz whale whose sound cannot be heard by any other whale. I am watching.
RUS:BR1!Long
by fiftytwohertzwhale