While the energy commodity did not reach a new record high, it came close. The value area has consolidated immensely, which suggests that we may be preparing for a breakout. There is no fundamental reason yet why we should see significantly lower oil prices, though China's renewed Covid lock downs weigh on On a daily basis, WTI is stuck in a triangle. As long as the price hasn't broken out yet, I see both possibilities here: red and blue. Wait and see which "e" - red or blue - is realized, this results in the next movement.
Today I would like to introduce you all to process of analysis step by step instruments with usage of Options Toolkit Suite. I wrote in my earlier posts what edge can give us data obtained from Options Market. So now let's jump into details and have step-by-step detailed guide. Firstly we need chart layout split to 3, as on three different timeframes we will A Trader asked me, if I could show how I approach my analysis.
And this is what this Video is about. At the end we even have a potential trade and definitely a chart to observe. What you will see is: - the big picture - swings - Andrews Pitchfork - the sine-wave pattern Let's start Big short. This is a key resistance level. This is also my first post here - but 10 year oil futures trader.
OIL I gave a couple of trade recommendations here, but the main purpose was to talk about utilization of my time using opening price to find trade entries, and then place a stop so that I could walk away from the market. One of the biggest problems I have with trading over the years has to do with how much time I need to watch the market to find Theres dark times incoming.
On the H4, with price expected to bounce off the ichimoku cloud, we have a bullish bias that price will rise to our take profit at Alternatively, price may break structure and head for stop loss where the horizontal On the H4, with price expected to reverse off the stochastics indicator resistance, we have a bearish bias that price will drop from our 1st resistance at Alternatively, price may break 1st resistance structure and head for 2nd resistance Get started. If you have issues, please download one of the browsers listed here.
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