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anand1988
Sep 30, 2020 9:20 AM

Double Bottom Formation being set up on US OIL? Long

WTI CRUDE OILTVC

Description

Price looks like it is going to make double bottom formation from where we can long till 39.8-40.1, but this is a temporary and short term move, expecting it to occur today or max by tomorrow. The main trend is short on Daily & Weekly time frames and target towards south looks like: 38, 37, 36, 35 on long term basis.

Comment

Structure respected my idea and its complete. After monthly closing step by step downward trajectory will be initiated.
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