PlutusX

USOIL Harmonic Crab Pattern Analysis and Strategy

Short
FX:USOIL   CFDs on Crude Oil (WTI)
Crude oil is currently trading at a major resistance zone (red zone) and we are predicting the deep harmonic crap pattern showing on the 4 hr chart will be completed. Our strategy is to trade the 4th leg of this pattern. Price action has already reversed from the red zone giving our strategy confirmation. We have set our take profit at the green zone @ $59.50.
USOIL

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