Crude oil 4h time frame. formed an H&S. price consolidating at right shoulder forming a bull flag pattern, wait for breakout to downside and put stop above right shoulder targeting 53.92, 51.85.
1. confluence is that price reached at 50% and 61% fib level from head to right shoulder impulsive extension.
2. confluencce 4h time frame RSI is at extrem...
SWING TRADE IN APOLLO TYRES
WE ARE PLANNING TO GO SHORT ON CRUDEOIL
SINCE WHEN IT CROSSED $76.8 PER BBL ON BRENTCRUDE
240-48 WAS A BOTTOM WHEN WE CAME $80 PER BBL
LETS TRY THIS TRADE OUT