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TradingShot
Sep 15, 2020 5:19 PM

WTI OIL Buy Signal Long

WTI CRUDE OILTVC

Description

Pattern: Triangle into Channel Up.

Signal: Bullish as the Triangle broke, the 4H MA50 has been crossed and the 38.45 Resistance is being tested.

Target: 40.10, that is roughly a +5% rise from the 4H MA50 break-out. Sinc June 16, every break-out above the 4H MA50 has resulted into at least a +5.50% rally.



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Comments
Saeed966
Nice analysis
vk030172
Wow looks like you nailed this one
PolarHusk
good analysis. keep up the excellent work :)
humorousDoh007
I use moving averages, too Ema 200 and 50 but the way you used them to analyze trades is great
envikuci
ON RSI chart looks like its being overbought
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