USOIL Big downside expected .CFDs on WTI Crude Oil forum
USOIL Big downside expected .USOIL Sell crudeoil at cmp 64.25 Tgt 63.50
WTICOUSD On the Hourly, if this bearish candle breaches the Swing Low of 64.598 with a candle close past that price, then more moves down. But if no candle close past that price and rejects it with its lower wick, then the bullish rally can begin.
USOIL And we start 🫶🏻🤠🫵🏻USOIL A friendly warning, be careful on shorts today.
USOIL setting up for buy at 63, very safe entryUSOIL Trump to speak today. Big movement in Gold and crude expected.USOIL Book Profit at 64.50 . Tgt done 👍WTICOUSD Switching to the Hourly that is in Bearish (directional) Market Bias, a complex-looking W-shaped pattern is forming. We're likely to see the 3rd leg of the "W" that is a drop down towards the Swing Low of 64.598. If breached with a candle close past that price, then more moves to the downside.
And for the final leg of the "W" will be the long bullish trend that goes past the pattern's neckline (that is roughly around 65.546) and towards 66.073 or higher.
WTICOUSD The 4-Hour chart is in Bearish (directional) Market Bias. After price action made a major drop, it formed a tall Inside Day pattern for a market pause with no true direction. The candles will continue to consolidate within it until a breakout and "clearing" from either the pattern's low of 64.128 or high of 65.849 (shown as two orange lines).*Side Note:
A W-shaped pattern typically forms around a Swing Low (or Major Pivot Low). The last and 4th leg of a "W" is oftentimes a long bullish trend.
