Execute Short below 4850 if the RSI and price breaks the trendline downside with 15 mins candle close for a target of 65 points minimum.
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Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
LEVELS are marked in the chart , These are the strong support and resistance in the upcoming market.
Double bottom in 30 mins timeframe
And as per the chart pattern the market has moved up.
Now it has hit the strong resistance at 4691, and its time for a reversal which is a
We also need to check the inventory release for tmrw and involve in...
Shorting opportunity in MCX CrudeOil Futures if the price breaks the trend line and stays below the shorting zone.
SL: 2630, Target1: 2559, Target2: 2536
For the better time your entry, you can use a 1Minute time frame.
The analysis is valid for today only.
Disclaimer: All views and chart analysis shared are purely for knowledge and information purposes...
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...