Crown patterns emerges very evidently. Conventional target $36 which is 0.618 fib retracement. Any news can give breakout from the pattern and rally towards $54-$55
Be careful
Long term trade Short Entry Price : 44.30 (Candle Close below) SL : $ 46.65 TG1 : $43.01 TG2 : $38.85 TG3 : $36.03
Pls refer to all Resistance line (Maroon)
PS. Generally I dont believe in support and resistance theory. Those are heaven for brokers.
Happy Trading
Trade active
⋅
Short at $43.8 clean breakout ! surviving on R1 43.01
Comment
⋅
Broke 43.01 Support. Targeting 41.71
Trade closed: target reached
⋅
Target 1 reached We also breached Important level 42.
Comment
⋅
Taking Partial close. step by step.
Trade closed: target reached
⋅
We touched 41.74. That is 0.382 Fib. Now we can see little bounce and consolidation. though FOMC can change things.
Comment
⋅
Very close to 41. wooohoo
Comment
⋅
Breached 40 and made 39.29 Low. After Data trying for upward correction. I still have same view. Oil is bearish at least till 36.
Comment
⋅
Made strong Upmove, Watching Trendline to break.
Comment
⋅
We have Breakout at 43.30 Possible scenario
Comment
⋅
Made very Impulsive candle. might test resistance of previous penant 44.5
Trade closed manually
⋅
We broke out 44.5 very clear. we have done the down cycle first target 46.5 and then towards 51-52 channel top. All dips are buy for now. I will end this chart here. This New bull deserves new chart. Thanks folks for all likes and support.
I think that we can go short if we dont break 44.50 im right?? ... i was also looking for more charts about it; and some of them are very similar as my view bro ..
robus
⋅
yes ! but with very tight SL. Huge manipulation is waiting there
robus
⋅
yes ! but with very tight SL. Huge manipulation is waiting there
robus
⋅
yes ! but with very tight SL. Huge manipulation is waiting there
robus
⋅
yeah ! eventhough this looks like fakeout to me then breakout
robus
⋅
yeah ! eventhough this looks like fakeout to me then breakout
robus
⋅
yeah ! eventhough this looks like fakeout to me then breakout