Monthly timeframe- I noticed that XTIUSD/ USCrude Oil is currently overbought on the RSI furthermore we see this month's candle rejecting on our resistance level. The massive resistance signals that we will open the next month bullish however the month of April will close bearish. Following the successful double bottom trade we took, I now anticipate a retest on the neckline of our double bottom before we return on our bullish rally. I am now placing a sell stop to take my profits in the three listed prices.
@ForensicForex calculating how many bearish candles are needed to to reach our target. This was calculated using past data. Not to say that it can't reach our target sooner or later than our prediction but we'll within that range.
I also factored bullish candle that could come to play but I'm looking to join for approximately 9 - 12 months
Mezzoforte_Privilege
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@ForensicForex, 9 months on the dot. Would you call it luck?