Mentioned
Oil (Non Expiry)
OIL
3.05 (4.27%)
74.52
74.58
SPX500 Index (Non Expiry)
SPX500
-30.56 (-0.40%)
7546.84
7547.99
Justin Seda E Cauberghe
Justin Seda E Cauberghe
Thailand
3mo
๐Ÿ›ข๏ธ ๐”๐’๐Ž๐ˆ๐‹ โ€“ ๐‡๐ž๐š๐ & ๐’๐ก๐จ๐ฎ๐ฅ๐๐ž๐ซ๐ฌ ๐…๐จ๐ซ๐ฆ๐ข๐ง๐  ๐ข๐ง ๐ญ๐ก๐ž ๐ฆ๐š๐ค๐ข๐ง๐ ? (Daily Chart) I'm ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ญ๐ซ๐š๐œ๐ค๐ข๐ง๐  ๐š ๐œ๐ฅ๐š๐ฌ๐ฌ๐ข๐œ ๐‡๐ž๐š๐ & ๐’๐ก๐จ๐ฎ๐ฅ๐๐ž๐ซ๐ฌ ๐ฉ๐š๐ญ๐ญ๐ž๐ซ๐ง ๐๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ข๐ง๐  ๐จ๐ง ๐”๐’๐Ž๐ˆ๐‹ on the daily timeframe. ๐Ÿ“Œ What I see: โ€ข Left Shoulder formed around early March โ€ข HEAD peaked above $110 โ€ข Right Shoulder (RS) currently forming โ€” stalling right at the 0.618 Fibonacci level ($103.14) ๐Ÿ”‘ This is a powerful combination: ๐ญ๐ก๐ž ๐‘๐’ ๐ข๐ฌ ๐Ÿ๐š๐œ๐ข๐ง๐  ๐๐จ๐ฎ๐›๐ฅ๐ž ๐ซ๐ž๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐œ๐ž ๐Ÿ๐ซ๐จ๐ฆ ๐›๐จ๐ญ๐ก ๐ญ๐ก๐ž ๐‡&๐’ ๐ฉ๐š๐ญ๐ญ๐ž๐ซ๐ง ๐š๐ง๐ ๐ญ๐ก๐ž ๐…๐ข๐›๐จ๐ง๐š๐œ๐œ๐ข ๐ซ๐ž๐ญ๐ซ๐š๐œ๐ž๐ฆ๐ž๐ง๐ญ. if Price is failing to close above $103 โ€” a clear bearish signal. ๐ŸŽฏ ๐Š๐ž๐ฒ ๐ฅ๐ž๐ฏ๐ž๐ฅ๐ฌ ๐ญ๐จ ๐ฐ๐š๐ญ๐œ๐ก: โ€ข Resistance: 0.618 โ†’ $103.14 โ€ข First target on breakdown: 0.382 โ†’ $93.96 โ€ข Further downside: $79 zone โ€ข Full H&S confirmation below neckline: ~$58โ€“60 โŒ Invalidation: daily close above $109.68 (0.786 $OIL Risk management always comes first. This is my analysis, not financial advice. $OIL $SPX500
Not investment advice. The author may have financial interests in the mentioned instruments.
2 Mentioned
Oil (Non Expiry)
OIL
Oil (Non Expiry)
SPX500 Index (Non Expiry)
SPX500
SPX500 Index (Non Expiry)
2 replies
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