CRUDE OIL / ABCD PATTERN / STRUCTURE / RSI DIVERGENCE // 4 HR

Please refer chart for details

Trade active:

Also top of the channel resistance .. coming weeks might be for bears

Trade active:

Nice rejection from the top

Trade active:

Last Price @ 64.39
Stop moved to breakeven

Trade active:

Trade active:

Looks like bulls are not even strong to make a retracement

Comment:

A break and close above the resistance line will lead price to 38.2%-61.8% fib level -- This is where next leg of short entry can be used to enter.

Trade active:

Impulse to down .. heading to target 1

Trade active:

200+ Pips

Trade closed: target reached:

Target 1 hit ( 300 Pips) - Pls book half qty

Trade active:

Keep stop loss 63.9 for the remaining qty

Trade closed: target reached:

Closed remaining position at 63.9 .. it was a nice trade