CL1! Crude Oil Direction-11-Oct-2023
Updated
Price broke the downward trendline (red line) and the bearish market structure. Now it is forming a bullish continuation pennant. It's possible the price will make a bearish fake out before reversing up. Let's wait for the confirmation on which direction of trades we should take.
Note
The gap is filled.
Note
Note
Doji candlestick formed at Support area 83.00. Easily 200 ticks of profit for long trade from 83.00 to 84.00.
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