Weekly Chart: Last week, 
XTIUSD rebounded off a soft weekly support around $72.00, suggesting a potential reversal. My bias on the weekly chart is bullish, as buyers seem to be stepping in at this level.
Daily Chart: While the daily chart is in a downtrend, marked by lower lows (LLs) and lower highs (LHs), it is currently in Phase 2 (an upward move). Given the weekly chart's bullish sentiment, I am comfortable taking long positions on lower time frames, though I will manage trades conservatively since we’re countering the daily trend.
4-Hourly Chart: The 4-hourly chart reinforces our bullish outlook with a confirmed inverse head and shoulders pattern and key support levels. This pattern provides additional confidence in the potential for upward movement.
Trade Plans:
For further details on the fundamental analysis ofXTIUSD, check out my in-depth fundamental analysis: tradingview.com/chart/XTIUSD/iiLuuDku-Crude-Oil-Fundamentals-Analysis-Next-Stop-80/
Note: Keep a close eye on price action at these levels and adjust your strategy accordingly.
Happy trading!
XTIUSD rebounded off a soft weekly support around $72.00, suggesting a potential reversal. My bias on the weekly chart is bullish, as buyers seem to be stepping in at this level.Daily Chart: While the daily chart is in a downtrend, marked by lower lows (LLs) and lower highs (LHs), it is currently in Phase 2 (an upward move). Given the weekly chart's bullish sentiment, I am comfortable taking long positions on lower time frames, though I will manage trades conservatively since we’re countering the daily trend.
4-Hourly Chart: The 4-hourly chart reinforces our bullish outlook with a confirmed inverse head and shoulders pattern and key support levels. This pattern provides additional confidence in the potential for upward movement.
Trade Plans:
- Look for a pullback to the $76.47/36 zone for a potential buy entry. The target should be around $78.00. However, be cautious and manage trades conservatively, as the 78% Fib level is also at $78.00 on the daily chart, which might act as resistance.
- If there is a break and close above $78.00 on the 4-hourly chart, it would confirm further bullish momentum, potentially targeting the next horizontal level around $80.00.
For further details on the fundamental analysis of
XTIUSD, check out my in-depth fundamental analysis: tradingview.com/chart/XTIUSD/iiLuuDku-Crude-Oil-Fundamentals-Analysis-Next-Stop-80/Note: Keep a close eye on price action at these levels and adjust your strategy accordingly.
Happy trading!
İşlem kapandı: hedefe ulaştı
Price did hit the target but unfortunately it didn't give us a proper pullback. Yesterday's close below 61% Fib on daily chart makes hesitant to go long, I'd like a confirmation break and close above that level to go long, potentially targeting $83. İşlem aktif
Price did pullback and gave us a chance to enter the market.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.