TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 4-5 times.
Formed Bearish channel, Also a Head & Shoulder pattern. A breakout above 5220 Levels can give you a great trade.
Target 1: 5520, Target 2: 5608, Target 3: 5702.
Trade only after the confirmation and as per your own risk.
#crude #crudeoil Monthly chart, i somehow think PRICE will repeat the history 105$ - 115$ and may be even 147$ in coming MONTHS
And if this has to happen, then EQUITY upside may be unmeasurable for some more years Star-struckPartying faceSmiling face with sunglasses
....... obviously this is CRAZY, but!!!!
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...
Here, I have used MA , RSI , VOL , & DMI to identify the next move of Brent Oil. According to those indicators, it seems bullish ahead. We may see the following targets soon: $68.8 - $69.8 - $71+
But, if brent crude oil breaks the hurdle ( $66.60 ) and shows a closing price below it, we will see a heavy downfall. Targets: $64.6 - $62.8 and below