USOIL : Daily View. Potential Target $36
Atualizado
Crown patterns emerges very evidently. Conventional target $36 which is 0.618 fib retracement.
Any news can give breakout from the pattern and rally towards $54-$55
Be careful
Long term trade
Short Entry Price : 44.30 (Candle Close below)
SL : $ 46.65
TG1 : $43.01
TG2 : $38.85
TG3 : $36.03
Pls refer to all Resistance line (Maroon)
PS. Generally I dont believe in support and resistance theory. Those are heaven for brokers.
Happy Trading
Any news can give breakout from the pattern and rally towards $54-$55
Be careful
Long term trade
Short Entry Price : 44.30 (Candle Close below)
SL : $ 46.65
TG1 : $43.01
TG2 : $38.85
TG3 : $36.03
Pls refer to all Resistance line (Maroon)
PS. Generally I dont believe in support and resistance theory. Those are heaven for brokers.
Happy Trading
Trade ativo
Short at $43.8clean breakout ! surviving on R1 43.01
Nota
Broke 43.01 Support.Targeting 41.71
Trade fechado: objetivo atingido
Target 1 reachedWe also breached Important level 42.
Nota
Taking Partial close. step by step.Trade fechado: objetivo atingido
We touched 41.74. That is 0.382 Fib.Now we can see little bounce and consolidation.
though FOMC can change things.
Nota
Very close to 41. wooohooNota
Breached 40 and made 39.29 Low.After Data trying for upward correction.
I still have same view. Oil is bearish at least till 36.
Nota
Made strong Upmove, Watching Trendline to break.Nota
We have Breakout at 43.30Possible scenario
Nota
Made very Impulsive candle. might test resistance of previous penant 44.5Trade fechado manualmente
We broke out 44.5 very clear.we have done the down cycle
first target 46.5 and then towards 51-52 channel top.
All dips are buy for now.
I will end this chart here.
This New bull deserves new chart.
Thanks folks for all likes and support.
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