Trendline Break can be seen at a major resistance level with momentum candle formation. Target 1 -57 Target 2 -53-51
Crude has breached daily pivot and now heading lower. Opened gap up and now ready to fill the gap and go down. Keep a SL above today’s high.
Hi there, WTI is setting up for breakdown watch for sharp sell off and look for sell and WTI to visit the 50 dollar price target. Good Luck
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..
All major time frames are in BUY, also the lower time frame 1H in strong BUY. Think and trade in probability.
Crude oil shows long downtrend! Sometime in future will touch base! Disclaimer: the. analysis is. fun driven. Please do your own analysis and. plan your trades.
Crude oil at demand range, Check 15 / 5 min reversal confirmation for entry.. Think and trade in probability.
Crude oil forming Rising wedge pattern in Daily TF.. Breakout at the bottom of the range. I n weekly TF 66 - 68 $ is the next major supply range. Need to wait for reversal confirmation in DAILY/ 4H TF. Think and trade in probability.
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.
Sell WTI Crude At Cmp 65.14 Strict SL - 65.4 Target - 61.5-62
After 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,
Symmetrical Triangle forming in daily chart time fame ... So Trade according to it