1H Chart Explanation: - Price broke the Ascending Trendline . - It is, currently, on a Bearish Corrective Structure. - If price breaks it at 57,6, it has potential to move down towards the Fibo Levels at 55,56 and 53,34. Updates coming soon! Check out our Top and Bottom Analysis on UsOil at the Related Ideas.
1H CHART EXPLANATION: We observe that price is making a potential Head and Shoulders pattern. Anyway, at this moment it is facing the Ascending Trendline, so we will wait it to be broken to take short positions towards the neckline (support zone) and if the support zone is broken, then wait for a pullback to enter again. 4H CHART:
4H CHART EXPLANATION: In 4H timeframe, we observe that price tried to break and consolidate above the Ascending Wedge, but it couldn't. After that price formed a flag corrective pattern below the support zone, did a pullback and now the pattern has been broke downwards. We are taking short positions here towards the bottom of the Wedge Pattern. Our stop loss is...
4H CHART EXPLANATION: Main Items we Observe on the Chart: -Price is inside a descending channel and is close to facing the lower trendline -On MACD we observe a bullish divergence Based on this, we think the price can retest the lower trendline of the descending channel before starting a bullish movement. On higher timeframes, we can see the weakness of the...
Last week we have posted this chart before correcting. You can check it on related ideas. 4H CHART EXPLANATION: As we can observe, price broke the Daily descending trendline, the Wedge Pattern and the Resistance Zone with a strong upside movement. Now it is facing the Resistance Zone at 250 and making a corrective structure to continue the bullish movment. We...
1H CHART EXPLANATION: The main items we observe in the chart are: - Price bounced from the Convergence Level and broke the Ascending Channel. - It is currently on a Bearish Corrective Structure. - If price breaks it at 180,9, it has potential to move down towards the Support Zone at 163. Updates coming soon! 4H CHART:
4H CHART EXPLANATION: Main Items we Observe on the Chart: -Price is inside an ascending channel -Currently, the price is against a Major Support zone and facing the lower trendline of the ascending channel -We draw a descending trendline, we expect that to be broken before taking any long setup. Based on this if price closes above 2.597 we expect a...
1H CHART EXPLANATION: Here are both short and long scenarios that we explained on the 4H chart. Of course this forecast is not perfect but it is the idea, in the case of the long trade we will wait to the Descending Channel to be broken, and then a correction to take long positions. And the short trade, we will wait to the Support Zone to be broken and then a...
1H CHART EXPLANATION: The main items we observe in the Chart are: - Price is currently on a range, between an important Support Zone and Resistance Zone. - Bullish Divergence on MACD. - Price bounced on the Support Zone and is trying to go up. Based on this, if price breaks the Descending Trendline at 1,3435, it has potential to move up towards the Resistance...
4H CHART EXPLANATION: Main Items we Observe on the Chart: -Price has broken the ascending trendline. -Currently, price is inside a corrective structure. -We expect the triangle Trendline to give some type of Support before the breakout. Based on this, if the price breaks down the corrective structure below 109.750 we expect a continuation of the bearish...
4H CHART EXPLANATION: Main Items we Observe on the Chart: - Price broke the Ascending Trendline and is currently on a Bearish Corrective Structure. - Bearish Divergence on MACD. - If it breaks it at 61,10, it has potential to move down towards the Support Zone at 55,30, being careful with the Middle Support Zone at 58,70. Updates coming soon! MULTI...
4H CHART EXPLANATION: Main Items we Observe on the Chart: -Price has been on a range since October 2018 -Price is on a Descending channel that has been perfectly respected during the whole bearish movement -On MACD we can see a bullish Divergence that makes us think that a corrective structure or a Reversal may be coming -Currently, price is about to face a...
4H CHART EXPLANATION: In 4H timeframe we observe that price has broke Resistance Zone 1 at 0.86750. The upside movement has potential to reach Resistance Zone 2 at 0.88275 in the short term, and if that zone is broken, then it could face Resistance Zone 3 at 0.9050 in the middle term. Updates comming soon! MULTI TIMEFRAME VISION: Weekly: Daily:
1H CHART EXPLANATION: As we explained on the 4H timeframe, price is now on a corrective structure of the previous upside movement. We can observe that is on a Triangle Pattern, so we will wait for a breakout to take long positions towards the next Resistance Zone. 4H CHART: *Please note that the above perspective is our view on the market, we do not...
4H CHART EXPLANATION: Main Items we see on the chart: -Price has broken the ascending trendline after bouncing on the weekly ascending channel -Price couldn't re-enter the previous zone after a Pullback to the broken ascending trendline -Currently, we can see the price inside a corrective structure -Based on this if the price breaks out the corrective...
1H CHART EXPLANATION: - Price broke the Descending Trendline and is currently on a Support Zone. - If price bounces from here, and breaks 0,397, it has potential to move up towards the Major Resistance Zone at 0,469, being careful with the Middle Resistance Zone at 0,423.
1H CHART EXPLANATION: Main Items we Observe on the Chart: - Price broke the Ascending Trendline and is currently on a Bearish Corrective Structure, under a Resistance Zone. - Bearish Divergence on MACD. - Full ABC Pattern. So, we expect a down move and, if price breaks the Bearish Corrective Structure at 61,12, price has potential to move down towards the...
4H CHART EXPLANATION: Main Items we Observe on the Chart: -Price is on an ascending channel -After making the first contact with the resistance zone price bounced from there and now is testing the zone again -On MACD we can see a possible Bearish Divergence Based on this, if price cant surpass the resistance zone and broke out the current minor ascending...