On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
🔴 Resistance - 6957🔴
🚀 Target - 6993 - 7033 🚀
🟢 Support - 6946 🟢
🚀 Target - 6908 - 6874 🚀
🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫
🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
3. CHART IS SUPREME
4. YOUR...
Crude oil analysis 17 Apr 24 short
currently crude oil is trading around 7041
all the levels are given in chart i guess i made it clear over there
R/R - 1:2
exacting crude oil to fall by 2-4.5%
Major resistance area is 7318
minor resistance area is around 7194
Major support area is around 6672
minor support area is around 6853
This analysis is for educational...
🔴 Resistance - 7081🔴
🚀 Target - 7138 - 7226 🚀
🟢 Support - 7028 🟢
🚀 Target - 6933 - 6838 🚀
🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫
🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
3. CHART IS SUPREME
4. YOUR...
Introduction:
The global crude oil market experienced significant turbulence as prices surged by more than 3%, surpassing the $85 per barrel mark. This escalation followed reports of large explosions in Iran, Iraq, and Syria, presumed to be the result of Israeli attacks. Concurrently, various geopolitical factors, coupled with economic uncertainties, contributed...
Timeframe: 4-hour ⏰
🔍 Observing an intriguing D cup pattern emerging in crude oil. The alluring support beckons at 6726. Exciting times ahead! 💃🕺
Selling point at 6860
Target would be 6700 - 6680 (+150 -- +170 points)
Update :-
🔸Support at 6811, with a potential move towards the 7000 level for settlement. Long only above 6950-6960.
🔸Crude oil prices declined over 3% due to robust US oil supply & growing demand concerns.
🔸US crude inventories increased by 2.735 million barrels.
🔸Technical Analysis:
Current Situation: Crude oil is approaching the critical support level at 7100.
🔸Scenarios:
If the support at 7100 is breached, further downward movement is anticipated, with potential for lower levels.
However, there's a possibility that crude oil could find support at this level and reverse its direction, moving upwards.
🔸Market...
Here are the key levels to watch:
Bullish above 7190: If crude oil prices rise above the 7190 level, it indicates bullish momentum in the market.
Bearish below 7100: Conversely, if prices fall below 7100, it suggests bearish sentiment taking hold.
Traders and investors are closely monitoring these levels to gauge market direction and make informed trading decisions.
Technical analysis suggests that crude oil prices may find support at $84.40 and face resistance at $87.30, with similar levels identified for Crude oil MCX prices. A recommended trading strategy involves selling on any uptick around $86.20, with a target price of $85 and a stop-loss order placed above $87.30. This strategy aims to capitalize on short-term price...
