USCRUDEOIL trade ideas
Crude oil 4H Broadening triangle pattern , Breakout direction??www.elearnmarkets.com
Study the pattern / refer link above..
As the pattern is a sign of high volatility in the market which traps bulls and bears..
Just follow the 1H for trend .. always have a multiple time frame analysis.
Share your views..
Think and trade in probability..
Trendline Breakout In Crude Trendline Broken at 64.5 and we can see bearish movement till 63.
on Monday we can expect Market to retrace till 63.6 to 63.8 levels based on trendline and then we can expect downward movement only if Trendline is not broken.
CRUDE OIL : Corrective sequenceAfter a lot of choppy sessions & an upside move , crude struggled the level of 64.5 $ & bears took control over there. As per the current structure we can anticipate a zig-zag correction having wave B completed at the level of 64.4 $ . We expect a downside movement to break the level of 57$ at least. The key level should be watched 64.5 as the SL,