USOIL: still awaiting the pattern
Three reasons why I'm setting trial buy orders:
1. The "time window" hasnt changed yet, 18th April is actually 20th April considering the weekend, and we need to see a pattern as well;
2. A pattern is required to match the "time window", the expected W Bottom seems changing to head&shoulder bottom, and now it's still on the left of the opportunity, that's why we need to set trial buy orders and control the risk
3. MACD is an important indicator to facilitate the identification of a real bottom, and we need to see at least a crossover above the zero level. And the formation now also means we're on the left of the new trend
TIPS:
1. ABOUT PRINCIPLES: TREND/direction > POSITION/level > PATTTERN/signal
2. ABOUT PATIENCE: TRADE LIKE A DROID WHEN THE MARKET IS CLEAR TO YOU, AND LIKE A SNIPER WHEN NOT
3. PLEASE ALSO REFER TO MY FORMER ANALYSISES LINKED BELOW, WHICH ARE ALL RELEVANT TO THE CURRENT MARKET, AND HIT THE "LIKE" BUTTON IF MY ANALYSIS IS HELPFUL TO YOU.
THANKS FOR YOUR SUPPORT AND GOOD LUCK TRADING!
1. The "time window" hasnt changed yet, 18th April is actually 20th April considering the weekend, and we need to see a pattern as well;
2. A pattern is required to match the "time window", the expected W Bottom seems changing to head&shoulder bottom, and now it's still on the left of the opportunity, that's why we need to set trial buy orders and control the risk
3. MACD is an important indicator to facilitate the identification of a real bottom, and we need to see at least a crossover above the zero level. And the formation now also means we're on the left of the new trend
TIPS:
1. ABOUT PRINCIPLES: TREND/direction > POSITION/level > PATTTERN/signal
2. ABOUT PATIENCE: TRADE LIKE A DROID WHEN THE MARKET IS CLEAR TO YOU, AND LIKE A SNIPER WHEN NOT
3. PLEASE ALSO REFER TO MY FORMER ANALYSISES LINKED BELOW, WHICH ARE ALL RELEVANT TO THE CURRENT MARKET, AND HIT THE "LIKE" BUTTON IF MY ANALYSIS IS HELPFUL TO YOU.
THANKS FOR YOUR SUPPORT AND GOOD LUCK TRADING!
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