CRUDE OIL VIEW WITH POSSIBLE CYPHER PATTERN [LONG]
Updated
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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