Crude Oil D1 Setup Wait For Retest and continue falling Crude Oil D1 Setup Wait For Retest and continue falling we recomend Sell From Selling Zone . we expecting big sell
Crudeoilwti
Crude Oil Elliott Wave IdeaUpdate to a couple of recent theories:
Could be nearing the end of wave 3 now as the 1.618 extension approaches. May see some sideways action for wave 4 followed by the 5th and final bearish wave towards $47-$50
Crude Oil Elliott Wave IdeaUpdate to this idea >
Looks like wave 2 (or B) has completed now in the start of either wave 3 or wave C.
If wave C of correction then may bounce and a new high from the 57$ level.
If wave 3 then the 1.618 extension is at 53$.
I prefer the 5 wave impulse move as it fits my larger timeframe view here >
Crude Oil Elliott Wave IdeaUpdate to these ideas:
Possibly in the impulsive waves down now, wave 2 up to 64XX then down for impulse wave 3
Crude Oil Elliott Wave IdeaSlight variation on this smaller timeframe count >
Looks like the 5 waves down are complete followed by a rise in price to 0.5 level, before a sell off. Could be wave 2 or B complete which fits with this larger timeframe count >
Crude Oil Elliott Wave IdeaOil might be in a triangle for wave 4 (white), break out downwards might occur if it is wave 4, possibly hitting one of the extensions around 58/59/60, depending where wave E of 4 ends.
WTI CRUDE OIL volume clusterAfter nice move down from nice resistance zone what i predicted the last week is nice to see 3 x volume clusters.
Where is pretty good point for intraday short trade.
1. Trend down with strong volume cluster is for me good point for short trade.
Happy trading
Dale
USOIL 1hr Analysis and Hedge StrategyAs a part of our strategy we hedged our oil positions. Our target for our hedged position is the yellow zone and we will add to our hedge if it breaks above the orange zone. TVC:USOIL
USOIL Daily Analysis and Strategy with FIBONACCI LevelsCrude Oil is at a crucial point with price action reaching the yellow 70.8 Fib level zone which is a major weekly resistance. Here we are looking for a pullback in price action. The prior analysis with the AB=CD harmonic pattern is also still in play as a part of the strategy. TVC:USOIL
USOIL Harmonic Gartley Analysis and Strategy We are currently trading the 4th leg of the Gartley pattern that is forming on the 1 hr chart. We are predicting the Harmonic pattern will be completed and our take profit set at the green zone (63.15). TVC:USOIL
Crude Oil Elliott Wave IdeaUpdate on this idea >
Oil hit 1:1 extension (measured move) and strong resistance, possibly completing a correction to the fall from $76,88 to $42,40. Could now start the post correction impulse waves.
Weekly candle looks like a bearish pin bar and possible bearish divergence on MACD:
USOIL 4 hr Trend AnalysisWe are targeting the green trend line and looking for price action to break below the yellow support zone for confirmation. The condition to this strategy is that price action does not break above the red resistance zone. TVC:USOIL
Crudeoil ShortThis is one of my take on oil on the daily, I might upload my 2nd opinion. I will post an intraday opinion soon.
If you followed this chart that I posted yesterday, then both your target would have been met by now. Could go down further but for now, I'm out.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Short CrudeOilThis is a slight tweak to my short call chart yesterday in the 1 hour view. This is my opinion on oil. There is still a potential for more upside before we go down as stated yesterday, up to you if you want to wait for more upside before shorting.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Crude oil ShortMy pattern earlier became invalidated once we broke 64.65. This has the potential to revisit today's low again.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Short & Buy Crudeoil IntradayFrom here, I believe we will be going down to 63.37 where buyers may want to come in again.
Disclaimer
This chart is an opinion based chart only. Please trade at your own risk.
Short oil Oil has now reached the 0.618 fibonacci line although it has gone past it slightly, which is ok. In my opinion, it hasn't reached a resistance line yet which means this has the potential for more further upside around 67-68 but of course it could just go down from here.
Oil can go straight down from here to 60.70 before going back up to 63.22 and then another down to 58.04. This is of course just my humble opinion which could be wrong, so please trade safely at your own risk.
Disclaimer
This chart is published as an opinion based chart only.
Crude Oil Elliott Wave IdeaOil hit measured move (1:1 extension); could see a move downwards from here, impulsive or part of a more complex correction
Crude Channel Breakout Ready for 60.50Crude has broke the important channel and formed candle stick pattern for trend reversal. Expecting Target of 60.50 for this upcoming Week
USOIL Harmonic AB=CD Analysis and Strategy We see the completion of an ab=cd pattern on the 1 hr chart for Crude oil. The completion of the ab=cd pattern signaled us to sell the pair and price action has already started moving towards our target.
Crude Oil Elliott Wave IdeaFollow up on this theory >
Appears the correction is in full swing now, looks like a WXYXZ completed for the white B wave shown in this chart >
Very difficult to get anywhere near to predicting a complex correction such as WXY or WXYXZ but I'm thinking something like shown in the chart here, down towards to 50% Fibonacci level, then up to $60+. There is a possibility that a new low below $42 can come (anything can happen) but I think $60+ more likely in 2019.
Crude Oil Elliott Wave IdeaUpdate to long term correction ideas.
Looks like C wave has now completed after hitting the 0.5 extension on Friday and dropping quickly.
It could be that ABC is complete, correcting the whole move from $77 to $42, a new low below $42 may come but I think there might be a bigger complex correction (WXY) in play which could see a 50% correction to $50, then up for one more high towards $60-$63 before the new low below $42 comes.
A double top and bearish divergence on daily suggests more downside to come in the next few weeks.
A wave completing before the correction for B and then C upward >
The 5th wave of 5/C/W completed >
