Midterm forecast: . While the price is below the resistance 45.00, beginning of downtrend is expected. . We make sure when the support at 36.95 breaks. . If the resistance at 45.00 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: . There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08...
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Market Analysis : USOil Symmetrical triangle pattern formation in 30 mins Time Frame. Based on breakout you can go for long or short depends upon your risk reward ratio
USOIL Descending triangle pattern breakout in 30 mins TF
USOIL Descending triangle pattern formation in 1 hr TF. Based on breakout/breakdown either you can go for Long or Short
USOil parallel channel pattern formation in 15 mins time frame
PATTERN IS VAILD ONCE PRICE REACHES THE PRZ BUY 2921... SL AND TARGETS WERE MENTIONED IN THE CHART... TREND LINE SUPPORT IS THERE FOR ADDITIONAL BULLISH CONFIRMATION....BREAKING DOWN THE TRENDLINE WILL LEAD TO A DOWN MOVE... DO YOUR OWN ANALYSIS BEFORE TAKING THE ENTRY...
BULLISH BAT- HARMONIC PATTERN PRICE REVERSAL ZONE(PRZ)- $40.12 STOP LOSS- $39.81 1ST TARGET- $40.96 2ND TARGET- $41.23 IGNORE IF STOP LOSS HIT.. PLEASE REFER THE CHART... TVC:USOIL
USOIL 4 hours triangle pattern breakout
USOil Symmetrical triangle pattern formation in 15 mins TF
USOil 15 mins triangle pattern breakout
USOil parallel pattern formation in 15 mins time frame based on breakout you can go for short of long
USOIL 4 hours pattern formation on 28/07/2020
Market Analysis : Yesterday evening around 7:30 PM most of the retail traders who trades in commodity segment (Crude Oil) would have been taken sell call after 4 hours support channel broken and they were expecting market will fall heavily but market has taken support from 40.47 and reversed because of another support channel which i mentioned in chart