Hi Trader,
I have found Bullish Gartley in Daily Chart . I have share perfect entry point, exit and stop loss point.
This is Long Term trade plan.
Wait for next week price will retrace entry point.
Give Like for support.
Midterm forecast:
While the price is below the resistance 60.95, beginning of downtrend is expected.
We make sure when the support at 55.20 breaks.
If the resistance at 60.95 is broken, the short-term forecast -beginning of downtrend- will be invalid.
We will close our open trades, if the Midterm level 60.95 is broken.
Technical analysis:
The RSI support #1 at...
Crude looking to reach near 60.467 and fall from there is possible till 57.376 waiting for a strong rejection near 60.467/480 and would be looking to short with an SL of 61.50.
After yesterdays steep fall, Crudeoil has been consolidating. Crossing 50% Fibonacci level can take it higher. Breaking yesterday's low will take it further down.
Midterm forecast:
While the price is below the resistance 66.50, beginning of downtrend is expected.
We make sure when the support at 55.20 breaks.
If the resistance at 66.50 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI support #1 at 43 is not broken, the probability of price decrease would be...
