Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green -...
CRUDE OIL is ready to go long once it sustains over the 6450 level. Its going to be swing trade with 80 point stop loss and 400 point target in current contract period. It has taken crucial bounce from trend line and also retesting the support level of 6400 in 15 min time frame
crude eys on 79$ mcx 6500 stya blw dwn side 6430--- yes chart pattern will active there if hold av 79 or 6500 thna once mkt again dedcat bounce-- dontmiss chart pattern in live hrssss stya connect or may know for chart pattern
MCX:CRUDEOIL1! crude can give massive breakout it breaks 6793 level which weekly strong resistance since november 2022,
if crude manages to break abd sutain above first hurdle of 6649, then we can expect it to hit 6738/6793 level quickly and above that the mega movement will soon follow.
Short in crude oil. Rejection taking from same level.
If Crude oil took support from 6470 to 6434, then enter in long position not big target.
If below 6434 than in bearish mode.
Enjoy the trade
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
![CRUDEOIL1!: [MCX] Crudeoil Buy Idea](https://s3.tradingview.com/c/CnhZFwsO_mid.png "[MCX] Crudeoil Buy Idea")
