WTICOUSD am not entirely sure there was an 'or else' attached to this but here we are.The US tells the UN security council: trump has made clear a deal to end Russia's war in Ukraine must be done by August 8th.
US Crude Oil CFD forum
WTICOUSD am not entirely sure there was an 'or else' attached to this but here we are.The US tells the UN security council: trump has made clear a deal to end Russia's war in Ukraine must be done by August 8th.
USOIL Even NG has a bearish reportUSOIL Today is that extra day that was added to a month to confuse people who need to memorize how many days are in a month. Before the knuckle evolved, there was NO WAY to calculate this. You heard it here first.WTICOUSD this is what I see, note the controlling candle that has a higher volume than the following candles.
WTI "Come on baby!, Come on!, March up to $70! for daddy!" Me pretending I'm riding a racehorse with rolled up Racing Form as a crop.
WTICOUSD Looking at the 4-Hour chart, it is in Bullish (directional) Market Bias. The bears made a true (and not false) breakout from the Inside Day's low of 70.669. A continued move to the downside can be towards 69.525 through mean reversion, then back up again, as told by the Outside Day pattern, once the bear run is over.A giant M-shaped pattern is forming, which typically happens when we get a Pivot High (or Swing High). This may just be the 3rd leg of the "M" that creates the neckline, then the 2nd peak of the M is next.
WTICOUSD *Trading Tip:Why Didn't It Go Up?
Some traders believed that the market will go up on the Hourly. It went down instead.
Here's why, numbered on the chart below:
- Candles #1 -2 formed a Piercing Pattern, which means a bottom reversal, but needs a bullish candle after that to confirm that it's time to go up.
- Candle #3 appeared as a bearish candle instead of a bullish one, so no confirmation of a move to the upside. The real intent is to go DOWN.
*As a rule, when you see a Piercing Pattern at the bottom of a descent to show that it's a bottom reversal pattern, make sure that the third candle is a bullish one to confirm the reversal will be to the upside.
WTICOUSD On the Hourly, it is in Neutral (directional) Market Bias from the bullish and bearish trendlines fanned out for price action to go from the extreme end of the Bearish Trendline (in red dotted line) to drop down to the extreme end of the Bullish Trendline (in green dotted line, not shown).A Double Inside Day showed up, so that means a BIG move is coming, sometime soon or around the New York session.
USOIL There is one hell of a storm coming ⚡️
WTI I will buy at ~69.2