Joseph_King

Crude Bottom Idea

Long
TVC:USOIL   CFDs on WTI Crude Oil
5
Potentially a bottom in Crude. Double bottom around 4530 (highlighted in the circles) a break out of the bullish bottom diamond pattern and a breakout of the inverse head and shoulder neckline (indicated by the arrows). Potential for cup and handle pattern too. New to charting so feel free to comment. I have an Elliot Wave pattern to fit this idea but no time to complete and publish at the moment. I am long from $45,60 (SL $45,20 with targets of $48,85 and $50,00.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.