Hi, We have potential Cypher Pattern Brent Oil with confluence of Trigger line of PF. Trade levels highlighted on chart. Trade with Care, Gulz
crude rally has been good so far some consolidation here is expected the break of trend line and day macd moving below trigger, however this wont be a time to short ,personally i only track crude for study purpose and its importance to the economy ,
Brent Crude-Shorting Opportunity Low risk high reward short trade coming in this. Good to short near 68-69.5 with SL above 71 for target 62-58
Brent can correct sharply here. Unsustainable spikes above the 66-67 levels will be great area to short. Longs better exit
SHORT BRENT BELOW 54.85 FOR TGT1=53; SL=56.20
I guess chart is self explanatory. Use any dips to go long. Am sure Light Sweet crude oil will also give a similar signal.
Everything mentioned on chart.... { Any guess where it will move ??? Let me know in comment section :D } Note: Do your own study before making any position... :D
Crude is showing some strength on hourly charts, it gave RSI divergence indicates some recovery, one can go long for mentioned levels.
Everyting is on charts.... :D Note: Do your own study before making any ppsition...
Reason: continuation on W chart. pause in selling on D chart. Reversal selling wave pattern i.e. two wave format. In short, current down wave is corrective wave. Timeframe : As highlighted by the arrow
Reason: Same happened before (Recent impulse and correction wave) Timeframe : As highlighted by Arrows