WTI Crude Oil is at the bottom of a Channel Down pattern. Comparison with the November 22nd fractal shows there might be one last Low left but already the Risk/Reward is appealing going long.
Trading Plan: 1. Buy on the current market price.
Targets: 1. 72.00 (on Fibonacci 0.5 and Pivot 2).
Tips: 1. RSI (4h) is forming similar bottom pattern as November's.
I agree with you, but the market will have the last word
pnabbanja
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Hi everyone Does anyone know why the trades cannot be placed on the USoil chart or it's just my chart....since last week when oil dropped so low... Thxs
FirstNameHelen
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Strong and excellent analysis as always
RLinda
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Everything seems to be good. Thanks for the idea! I wish everyone who takes the risk a profitable trade)