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Velmurugan_SimpleTrader
May 20, 2021 7:48 AM

Crude oil 4H Broadening triangle pattern , Breakout direction?? 

TVC:USOIL240
WTI CRUDE OILTVC

Description

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https://www.elearnmarkets.com/blog/broadening-triangle-pattern/

Study the pattern / refer link above..

As the pattern is a sign of high volatility in the market which traps bulls and bears..

Just follow the 1H for trend .. always have a multiple time frame analysis.

Share your views..

Think and trade in probability..
Trend AnalysisSupply and DemandTriangle
Comments
abavskar2016
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may views sir sell side tg 4610
Velmurugan_SimpleTrader
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@abavskar2016, ok sir,


Hourly in correction for the previous sell swing, so the market has to fall. 5min chart in buy (which is sign of correction not yet completed).

Can go for sell with confirmation.

also look that we are in daily demand of 63$ and weekly demand 62$ tested yesterday..
Velmurugan_SimpleTrader
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@abavskar2016, Daily and weekly chart view
Velmurugan_SimpleTrader
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@abavskar2016, Giving more than your target.. made profit sir..??
abavskar2016
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expected 4550
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