WTI are we going down to 64.400?US WTI Crude (Spot) (XTIUSD) forum
WTI are we going down to 64.400?WTI when is the reversel damn it?
USOIL price took out the previous low now back up to the moon!!!
WTICOUSD overall picture:
WTICOUSD finally. X wave seems to pump down. Volume Spikes. Giang HS Pattern is in play.
USOIL Trump-Land will pay for these lower OIL Monopolies prices…#Bullish , i can smell profit…
WTICOUSD ok...so let it be a Flag?that immao fake breakouts here and there.
WTICOUSD Going to the Hourly, it is in Bearish (directional) Market Bias, but that may change soon as the bulls rise to cross above the Bearish Trendline (in red dotted line). A candle close above this, then another bullish candle "clearing" past the trendline will officially flip the market bias from bearish to bullish for more profitable moves the the upside.A new S&R Zone formed from consolidation of non-trending candles earlier that the bulls may rise from in the new hour. Let's see how this works out.
*Alternative Scenario:
If the bulls don't cross up to do a candle close above the Bearish Trendline (in red dotted line), then another bullish candle to "clear" above that same trendline to flip the market bias, then the bears can drop below the S&R Zone to potentially breach the Swing Lows of 66.243 and 66.084, but then deal with another S&R Zone below those.
WTICOUSD A Morning Doji Star is forming on the 4-Hour timeframe that is in Bearish (directional) Market Bias. As a bottom reversal pattern, it has also rejected breaching hte Swing Low of 65.628, so it will head up towards the thin S&R Zone above it.Let's see if the bulls manage to break through the S&R Zone (that begins at 67.281). If they do, the giant W-shaped pattern may finish forming with a long bullish trend. But if the bulls can't break through the Zone, then back down to attempt to breach the Swing Low of 65.628.
XTIUSD fly to he moon