Look for W patterns on US Chart Draw a Trend Line on Upper and Lower sides of W These Lines can give better view on resistance and support
We can go for buy and sell whenever the blue line reached
We can go for order when the blue line (buy/Sell) is reached .
Its just a view dont trade on this basis. Learing price action. Please correct if anything wrong.
Crudeoil formed Cup and Handle pattern at 28.5 USD and then moved up to the next resistance level of 35 USD. It has now broken that level and I feel that it will reach the next higher resistance of 45 USD in the coming week. I feel crudeoil is surely worth considering for a short term trade with 45 USD (3400 INR) as the target and also in intraday basis we could...
As per the chart, MCX crude oil is under bearish pressure for a short period. It may fall for 2600 – 2400 – 2160 levels. The long-term traders must keep their eyes peeled for a crossover into the S-RSI. The crude oil prices will fly into the sky. Be ready for 3200 – 3500 – 4000 levels.
crude oil mcx looks bearish unless it breaks the resistence of 2800 below 2600 we can short for the tgt of 2400 - 2250 the points and levels are for educational purpse only trade at your own risk pls like the page and share the chart
Targets assigned LONG TERM HOLDING SUGGESTED SL 85
Long Term Trend line Already Broken. Inverted head and Shoulder Pattern Forming. Wait for bReakout
Bullish any pull back to 39.5 will be bought into with a Stop of Below 38.. Upside we will soon see 43 and 45 levels
Midterm forecast: . While the price is above the support 1.550, beginning of uptrend is expected. . We make sure when the resistance at 2.250 breaks. . If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . While the RSI downtrend #1 is not broken, bearish wave in price would continue. . A peak...
We must wait for the OPEC reports, which are speculated to be positive for the oil industry, with cuts in production and also the increase in industrial consumption motivated by the economic reopens that are taking place little by little. This generates a positive expectation for the rise in the price of futures and CFDs with possible levels that point to the...