Hi traders, The Oil uptrend continues to march higher after breaking above the 50% Fibonacci retracement level. The next Fib resistance zone is the 61.8%, which is the last area
Hi traders, Oil is in a bullish channel but a strong 50% Fibonacci level could stop the trend from moving higher. The resistance level is a key decision zone for
Hi traders, Oil showing a bullish break above the resistance trend line (dotted red) but the space is limited due to the 38.2% Fibonacci resistance level of wave 4 vs
Hi traders, Oil is building a bullish retracement within a larger downtrend. The pullback is most likely part of corrective wave 4 (pink) pattern, which therefore could see a bearish
Hi traders, Oil has broken below the choppy wave 4 (pink) correction as mentioned in last week’s wave analysis. The bearish breakout is now aiming for the Fibonacci targets.
Hi traders, Oil has indeed built a choppy, corrective and lengthy corrective zone with the potential wave 4 (pink) as expected in last week’s wave analysis. The wave 4 (pink)
Hi traders, Oil has completed its bearish momentum (wave 3) and is now taking a break (wave 4). The consolidation zone of wave 4 is usually choppy, shallow, and lengthy.
Hi traders, The WTI stands at important POC zone. The confluence should provide the market with either renewed selling or a bullish breakout
Hi traders, Oil has started a strong and impulsive downtrend. Price had almost reached $80 in October and just a few weeks later, price is almost at the round level
Hi traders, Oil is approaching key Fibonacci retracement levels which could act as resistance. A bearish turn seems imminent unless price manages to break above the previous top.
Hi traders, The Oil chart seems to have completed 5 bearish waves (purple) within a wave 1 (pink), which could indicate a larger bearish reversal unless price breaks above the
Hi traders, The bullish channel of oil (purple) is now facing massive resistance (red), which is a critical decision zone for a bullish breakout or bearish bounce.
Hi traders, The Oil chart is in a strong uptrend but price has tested and bounced at a pivotal and key resistance zone: the bottom of wave 1. The reversal
Dear Traders, WTI is trading at interesting price levels, which present a good trade setup opportunity. Today’s post will provide a technical analysis of WTI and a potential trade setup.
Hi traders, USD/CAD is in a key decision zone and it will soon decide whether price is building a small bearish retracement for more uptrend continuation or whether a larger
Dear Traders, although we offer occasional help with our webinars and analysis, the market moves fast and changes very quickly. In many cases, traders are left on their own as
Dear Traders, New interesting wave patterns have emerged since our last analysis. For instance, the USD/JPY bearish impulsive price action was unable to break below the daily bottom at 109