Entry short Triggers = Kumo Twist bearish bias, TK cross, Breakout to the downside All drawings are done on daily including targets. 50%-618% support and resistance from daily chart = price has bounced and retested these two levels before continuing down. My first target is 1155.73
Daily time frame Price is under cloud - Short signal/trade Currently in a range Better look on 4hr time frame - Price is ranging with a triangle formation, awaiting breakout to the downside bias Using Fibs, looking at price between the 618 and 50% price has been turning around in these areas. currently bearish kumo twist. Can see price going to the next...
According to the banks, Oil prices wont break above $60 for at least two years some analysts say, As we can see price hasn't been able to break through $60, therefore i can only see price going into a range for a long time. Looking at previous structure, i feel price will move down to $54. That being said Buy low, Sell high