OIL BAT pattern and buyer failure spotted.

FX:USOIL   CFDs on Crude Oil (WTI)
2300 14 43
OIL             Tried twice but can not make a higher high.
If the price breaks the trend line , it will furthur decline.
and a retest to the purple line is expected.
Also there is a BAT pattern going to be completed
at 34.70
We can enter a short if the blue line is broken
and enter long at the BAT completion.
Good Luck!
Comment: Short at 37.10 after the blue line is broken.
Comment: Close Shorting Position at 34.80
Ready to Long at 34.70
Trade active: Entered at 34.70
To lean Jack's Full Trading System:
Weechat ID: 32114564
what must be the SL?
what target you aiming?
Thursday's price spike respected the trend line so we're still looking for this Bat to complete, correct?
Fibtree I_see_BTC
well, I certainly do and I though the same as you
Fibtree Fibtree
maybe I should add that according to harmonics the trend line is not really important, the PA may not go above the current C and certainly not the current A point. Also PA may not close above 88.6 BC retrace for the bat to remain valid. :)
tntsunrise jangseohee
true. i am also thinking the gap will be filled
+1 Reply
tntsunrise jangseohee
+1 Reply
Thanks for chart.
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