Buy Signal: Trend Start: Buy when EMA 50 crosses above EMA 200. Pullback Entry: Buy when the price pulls back to MidBB or EMA 50 in an uptrend, with WMA 10 crossing above MidBB. Confirmation: EMA 5 crossing above EMA 10 (WMA 10) can serve as additional confirmation for entry. Sell Signal: Trend Reversal: Sell when EMA 50 crosses below EMA 200. Pullback Exit: Sell...
Method: BBMA Oma Ally from Malaysia. Month: Still uptrending. Weekly: Price may be rejected by Weekly Mid BB. If Daily breaks down, may approach to blue dashed line (SnR) which is 1904. To know action of Daily, look at lower timeframe. TF30 has pierced Mid BB made CSAK Bullish. Wait for H4 response.
Situation 1: Maybe fall a bit and then rally as drawn. Situation 2: Tight Rally. Situation 3: Drop, break down, find lower structure. I am thinking Situation 1 is more likely.
Crude oil is seeking higher structure, building Ascending Triangle since 4th May 2023. Plan? Wait for the bullish breakout. Advance Plan or Look at the Long Position as attached in the image: Buy Stop EP: 74.00 SL: 72.50 TP: 76.00 Do adjust acording to your entry style and risk appetite. Thumbs up and comment if you like this analysis. Thanks. Disclaim: This...