USOIL needs ww3 to reach $65+ level. obvious move is to go down to its pre pandemic level which is $53 to $58.WTI Light Crude Oil forum
USOIL needs ww3 to reach $65+ level. obvious move is to go down to its pre pandemic level which is $53 to $58.
USOIL I primarily use a systematic approach, machine-optimized on years of data, with a few recent months for out-of-sample validation. Although I exited the remainder of my short a couple of weeks ago, the strategy is theoretically still in play. Success rate is less than 60%. There's no guarantee, but maybe this is useful to some who are inspired to follow a similar path.
WTICOUSD 20 ema is at 64.15
Pivot is at 64.40
Resistance is at 65.00
Intermediate support is at 63.75
Support is at 63.30
If price struggles to break above 64.40 then we are going down to support at 63.30-63.50
If price keeps above 64.40 then we are going back to 65 handle
In my opinion, we have a bearish fair value gap on the 8H timeframe, we also have a massive bearish order block on the 1D timeframe.
Additionally, technicals are showing more bearish movement than bullish. For Wednesday’s session I’m looking to short 🔴
Additionally on the 1 hour timeframe we have a strong bullish order block, so I’m expecting price to rise to 64.40-64.65 before a potential reversal this may be a risky setup for a 40-50 pip hunt.
USOIL is this thing is working or switched off
USOILSPOT 🗺️ THE HEIST BLUEPRINT🧭 DIRECTION: BEARISH ASSAULT 🐻⚡
🎯 METHOD: Multi-Layer Limit Order Ambush
📍 ENTRY (The Layered Trap):
ANY PRICE LEVEL IS A GIFT! 🎁
OFFICIAL THIEF LAYERS: Sell Limits at 63.000 | 63.500 | 64.000 | 64.500
Pro Thief Move: Add more layers based on your capital! Stack orders like stolen cash! 💵💵💵
🛑 STOP LOSS (Escape Route):
THIS IS THIEF SL @65.500 👑
OG's Advice: "Dear Ladies & Gentlemen, adjust your SL based on your strategy & risk! Protect your capital!" ⚠️
🎯 TARGET (The Getaway):
POLICE BARRICADE @59.000! 🚨👮
ESCAPE WITH STOLEN MONEY BEFORE THEN! Our getaway car waits @60.000! 💨💰
USOIL Looking to test the 62 range next couple of weeks
USOIL I am buying correct me if am wrong. Note: Its not for financial advise.
just for educational purposes
tradingview.com/x/2E8xTpD6
WTICOUSD dropped from the 2D timeframe 20 EMA to test the 1D Fair value gap. The consequent encroachment of the fair value gap is 63.90I don’t think we drop lower than 63.90 but if we do dip lower than 63.90 then pivot is at 63.75. If broken then we might see further downside.
USOIL where did that drop come from and why?
USOILSPOT Let's go with this. Let's see how it plays.