BETTER CALL BEAR
Let's face it, since Mon 28th Feb, Oil has been in a black-swan bubble, which completely divorces from the gently ascending trend line formed pre the Russian aggression. Within that bubble, until WTI closes above $116 on the daily, it remains still in a bearish trend.
Recently, price has formed a 3 consecutive green candles, strong but diminishing, suggesting bullish sentiment is petering out. As such, I expect Monday (or when the holiday ends) to be a red-candle day.
On the other hand, on the 4h, price prints a bullish falling wedge, so there's still potential for more bull moves next week.
It might take a while for the next spike that breaks down the bubble, signalling a return to normality, but it will come.
Recently, price has formed a 3 consecutive green candles, strong but diminishing, suggesting bullish sentiment is petering out. As such, I expect Monday (or when the holiday ends) to be a red-candle day.
On the other hand, on the 4h, price prints a bullish falling wedge, so there's still potential for more bull moves next week.
It might take a while for the next spike that breaks down the bubble, signalling a return to normality, but it will come.
Nota
ICT Kill zones haven't worked for me, at least with Oil.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.