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eyck77
Nov 20, 2017 2:02 AM

Bearish Butterfly Short

Crude Oil Futures (Jan 2018)NYMEX

Description

Bearish butterfly seems to be forming on the weekly chart.
1. TP levels usually at 61.8% of CD (for conservative traders) and 127.2% (for aggressive traders)
2. TP could be at point B or C too depending on the technical analysis tools used

Trade active

D has been confirmed at 59.05. TP level adjusted to 51.5
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