Crude oil - A Bullish Reversal In Making
- Crude oil had a retracement on daily time frame towards trendline.
- Price has retraced to 0.5-0.618 zone, a bullish momentum from here can break previous highs
- A bullish divergence has also formed with double bottom pattern on hourly time frame.
- Mulitple confluences make this a good buy opportunity for long.
- Price has retraced to 0.5-0.618 zone, a bullish momentum from here can break previous highs
- A bullish divergence has also formed with double bottom pattern on hourly time frame.
- Mulitple confluences make this a good buy opportunity for long.
Trade active
Trade closed: stop reached