Update - Monthly pattern challenged, daily Crab may support

NYMEX:CL1!   Light Crude Oil Futures
106 0 0
Update on my Crude Oil             analysis:
Right now, the monthly Bat pattern mentioned in my previous Oil             analyses has been violated but the continuous decline in Oil             prices...
However, since we are talking about a monthly chart - The month isn't over yet... only a monthly close will determine whether the pattern will remain valid or not.
In addition to the monthly Bat, we now have daily Crab pattern (completion near 30$).
In the chart I'm showing two potential swing/longer term trading opportunities that offers at least R/R of 2.

Tomer, The

Follow my blog -
Subscribe to my mailing lists -

Follow me on TradingView
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out