Zoen_Trieste

Zoen_Trieste

Oil has been trading within the highlighted range after it had achieved an extension to around 161.80% of the previous swing. Looking for limit sell setups on pops seems reasonable.

Zoen_Trieste Updated 

EURUSD Limit buy entries around 1.1360-1.1330 with a 50 pip stop seem reasonable at this point. Waiting for a confirmation upon reaching the levels.

Zoen_Trieste Updated 

This is a 10H chart of CLJ2019, which will be trading until it expires the 20th of March. The Gann Box tool is squared to the high & low range of this contract; from the 7601 peak to the 4300 bottom. There are also the 45º and 15º angle lines coming from various highs and/or lows. As shown in the chart, the oil price is currently approaching the 150 day EMA, it...

Zoen_Trieste Updated 

There was another wash of sellers after finding support at the previous day's hlc3 value. Sellers are still unable to close the entire 1H bar below 20EMA. On the other hand, the big bull breakout bars might turn into a climax buying if bulls fail to follow through here. Waiting for the US session to show the lead.

Zoen_Trieste Updated 

USOIL bulls are having a good run so far. It seems the oil market is ready to reduce short risk as players start taking profits. Looking for a scalp lower seems reasonable.

Zoen_Trieste Updated 

USOIL has been going through hard times after being rejected at the gap area mentioned in earlier posts. It has now approached an area of buyers' interest it seems. The $50 mark failing to support the price can be interpreted as a longterm 38.20% pullback continuation sell setup. For now, the 5125 area is of interest, if that goes, the 5050 area.

Zoen_Trieste Updated 

USOIL got rejected around the old gap area of 5480-5520 that is highlighted on the chart. This resistance area is a significant one, overcoming it will open the way towards higher targets for bulls. It will also validate the inverse head and shoulders pattern noticeable on higher timeframes. Bears were quite aggressive in pressing down the price and managed to...

Zoen_Trieste Updated 

This 3 day charts shows basic retracement levels, percentage increase levels from the current low and angle relationship based support & resistance areas. So far, the oil market saw a sharp surge from the low $42, a longterm demand area, and currently it seems there's still some room for further upside. This move up can be regarded as a retracement leg within a...

Zoen_Trieste Updated 

Apparently another fading short opportunity here. Pending price action confirmation and invalidated if price proves itself bullish beyond the angle line . Level of interest ≈ 5265, a 70 tick stop and 1R-3R targets.

Zoen_Trieste Updated 

Seemingly there is another fading short setup coming up. The chart is self-explanatory, the levels are given and for now the only thing left to do is wait until the major bear angle is reached and look for an entry with a price action confirmation.

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The angles coming down from the top can serve as potential short entry triggers . Upon price meeting the angle , bearish price action will serve as a confirmation . For now, wait and see mode.

Zoen_Trieste Updated 

A potential fading short setup coming up it seems. There is a $850 risk per contract and a 3:1 reward for risk. The levels are given on the chart.

Zoen_Trieste Updated 

This chart illustrates how angles can help in finding market tops and bottoms. This is not a Gann Fan per se, but a work around by using the trend angle tool.

Zoen_Trieste

BTCUSD corrected 86% last time and is seemingly doing the same now. The next push lower towards the $2.7K area could be a decent opportunity to go long and hold for years . Can easily turn around here, but for now there is no haste from buyers.

Zoen_Trieste Updated 

Possibly a wedge break here. A good R:R setup that is against the current trend. Lower probability though. The levels are given on the chart. Trade with care.

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This is a monthly chart that shows important relationships in terms of price and time. As we can see, through the 2008 crisis the market plunged almost 60% and saw around 350% increase thereafter, painting an all-time high in September 2018. Currently, the 10-year-cycle is seemingly done and another big selloff in the equity market appears to be zooming. The 25%,...

Zoen_Trieste Updated 

USOIL working the 1/3-1/2 square both price and time wise from the recent high. You can see the dashed horizontal support and resistance lines based on the aforementioned square range of 1/3 to 1/2. If bulls manage to turn this around, the first thing they will have to do is break beyond the descending 45 degree line of that highlighted 1/3-1/2 square.

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Oil is approaching a potential longterm demand zone as shown in the chart. This chart is squared to the highest selling price of UKOIL, the levels of 1/8ths and 1/3rds are also derived from it. The bearishness is still very much present in this market but usually the best time for longterm accumulation comes with a lot of fear . The next 500 ticks of downside...