CRUDE OIL (WTI): Overbought Market?!
Crude Oil leaves multiple bearish clues.
The price formed a double top and a rising wedge pattern on a daily
and broke a neckline and a trend line of both patterns.
On an hourly time frame, I see an inverted cup & handle with a confirmed
violation of its neckline.
Looks like the market is overbought.
We may expect a correction to 82.07
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Wtisignals
CRUDE OIL (WTI): Time For Pullback
As I predicted yesterday, WTI Crude Oil bounced and reached a key daily resistance.
After the test of the underlined blue structure, the market started to consolidate
and formed a head and shoulders pattern on an hourly time frame.
Bearish breakout of its neckline is a strong bearish signal.
It indicates that the market may retrace from the resistance.
Goals: 80.0 / 79.6
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CRUDE OIL (WTI): Time to Sell?!
WTI Crude Oil is testing a recently broken horizontal support.
After a violation, it turned into a potentially strong resistance.
Approaching the underlined area, the price formed a head and shoulders pattern
on an hourly time frame.
A breakout of its horizontal neckline is a strong intraday bearish confirmation for us.
We can expect a bearish continuation now.
Goals 74.9 / 74.3
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Crude Oil - Buy Zone!Hey there!
I'm Buying on WTI: (Second trade)
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We have an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We are with the trend.
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Questions? Leave a comment
CRUDE OIL (WTI): Bullish Trend Continues 🛢️
Crude Oil is trading in a bullish trend.
The price retraced to a solid vertical trend line on a daily.
After its test, I spotted a confirmed bullish breakout of a resistance line
of a falling channel on an hourly time frame.
I think that bullish rally may resume soon.
Goals: 78.0 / 80.6
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Crude Oil - Buy Zone!Hey there!
I'm Buying on WTI: (Second trade)
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We have an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We are with the trend.
🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
Questions? Leave a comment
Crude Oil - Buy Zone!Hey there!
I'm Buying on WTI: (Second trade)
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We have an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We are with the trend.
🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
Questions? Leave a comment
In the short and medium term, WTI is mainly bought.
Due to delays in production cuts by OPEC countries. Oil experienced a slight decline, but some Arab countries decided to reduce production. So oil formed some support after a brief decline. As a resource product. To a certain extent, supply is also lower than demand, and the other is the promotion of geopolitics, so the operation is still based on buying at low prices. The club already has live signals announced.
In the mid-term, buying is also the main focus.
Crude Oil - Buy Zone!Hey there!
I'm selling on WTI: (Second trade)
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We have an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We are with the trend.
🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
Questions? Leave a comment
WTI H1 / Opportunity for a Short Trade 💲Hello Traders!
I see a good opportunity to execute a short trade on WTI H1. I expect the BOSS at the price of 77.80 to be taken, and in case of retracement, I will look for a short trade entry.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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