I will leave this page soon then I have to travel, but you can continue to contribute with trades here and keeping this place alive, can you guys do that?
OIL:
Price didnt close above 61 fib level 72,70, and did create 73,20 high, now what we have here:
Oil could create bearish divergence daily but only if:
1. Price does not close above 73,20 on daily basis.
2. Price should target D3 / 70,83 to activate.
3. Target 69,75 , 68,90 then 66,20
How to play it:
1. Start selling with small size and continue to sell the rallies
2. Wait until getting a clear confirmation, meaning price reaching 70,83 to activate and wait for a retracement then start selling using 73,20 as SL.
3. Using a small timeframe to find out if price starts creating LL, LH, then use it as an ignition for the bigger trend.
Oil could create 123 bearish but only if:
1. Price does not close above 73,20 on daily basis, as 73,20 represents point 3.
2. Price should target resistance area 70,10 (price should find support there and retrace back)
3. Target 70,10 and if the price manages to break 68,13 and last target 60.
How to play it:
1. Start selling with small size and continue to sell the rallies, using 73,20 as reference.
2. Wait until price getting into resistance 70,10 and retrace, then start selling using above 73,20 as SL.
3. Using a small timeframe to find out if price starts creating LL, LH, then use it as an ignition for the bigger trend.
OIL:
Price didnt close above 61 fib level 72,70, and did create 73,20 high, now what we have here:
Oil could create bearish divergence daily but only if:
1. Price does not close above 73,20 on daily basis.
2. Price should target D3 / 70,83 to activate.
3. Target 69,75 , 68,90 then 66,20
How to play it:
1. Start selling with small size and continue to sell the rallies
2. Wait until getting a clear confirmation, meaning price reaching 70,83 to activate and wait for a retracement then start selling using 73,20 as SL.
3. Using a small timeframe to find out if price starts creating LL, LH, then use it as an ignition for the bigger trend.
Oil could create 123 bearish but only if:
1. Price does not close above 73,20 on daily basis, as 73,20 represents point 3.
2. Price should target resistance area 70,10 (price should find support there and retrace back)
3. Target 70,10 and if the price manages to break 68,13 and last target 60.
How to play it:
1. Start selling with small size and continue to sell the rallies, using 73,20 as reference.
2. Wait until price getting into resistance 70,10 and retrace, then start selling using above 73,20 as SL.
3. Using a small timeframe to find out if price starts creating LL, LH, then use it as an ignition for the bigger trend.
Dont listen to the noise, Oil reach 70,80 from 73,20
Why traders did not sell oil, the reason is all the noise and all so-called experts shout that oil continues up, creates hesitation and traders get confused, eventually miss a great opportunity.
Now it's the same with Gold as everyone screams Gold collapses and that next target 1650 but when? yes maybe in a year.
OIL:
Price didnt close above 61 fib level 72,70, and did create 73,20 high, now what we have here:
Oil could create bearish divergence daily but only if:
1. Price does not close above 73,20 on daily basis.
2. Price should target D3 / 70,83 to activate.
3. Target 69,75 , 68,90 then 66,20
How to play it:
1. Start selling with small size and continue to sell the rallies
2. Wait until getting a clear confirmation, meaning price reaching 70,83 to activate and wait for a retracement then start selling using 73,20 as SL.
3. Using a small timeframe to find out if price starts creating LL, LH, then use it as an ignition for the bigger trend.
Oil could create 123 bearish but only if:
1. Price does not close above 73,20 on daily basis, as 73,20 represents point 3. 2. Price should target resistance area 70,10 (price should find support there and retrace back) Price find support , we are here right now
3. Target 70,10 and if the price manages to break 68,13 and last target 60.
How to play it:
1. Start selling with small size and continue to sell the rallies, using 73,20 as reference.
2. Wait until price getting into resistance 70,10 and retrace, then start selling using above 73,20 as SL.
3. Using a small timeframe to find out if price starts creating LL, LH, then use it as an ignition for the bigger trend.
