CRUDE OIL VIEW WITH POSSIBLE CYPHER PATTERN [LONG]
HI All,
This is my first post in TradingView. A complete hypothetical view from my side. Here is my 4hr TF chart with possible Cypher Pattern. I am expecting this current upside of crude will last till $4940 to $49.90. And it would fall back(retrace) to $44.3 to $44.80 zone. We could it for short position too with $51.5 but it would be a bit risky. Obviously it would take a 2-3 months time to complete the whole pattern. I am looking for long position once it falls to $44+ zone with $42.30 as SL.https://www.tradingview.com/x/Ya9vRLCk/FX:USOIL
This is my first post in TradingView. A complete hypothetical view from my side. Here is my 4hr TF chart with possible Cypher Pattern. I am expecting this current upside of crude will last till $4940 to $49.90. And it would fall back(retrace) to $44.3 to $44.80 zone. We could it for short position too with $51.5 but it would be a bit risky. Obviously it would take a 2-3 months time to complete the whole pattern. I am looking for long position once it falls to $44+ zone with $42.30 as SL.https://www.tradingview.com/x/Ya9vRLCk/FX:USOIL
Trade active
Oil made high of 49.93...risky sell active from 49.40 to 49.90 zoneNote
more than 1USD in profit after selling from 49.40-49.90 zone!Note
positional short hit below 45 zoneNote
Note
As expected the price zone 44.30-44.85 as per Gartley pattern and sharply hits the TP1 $45.61
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.