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Long

BKR 4/14/2021

68
Noteworthy:
  • EIA raised demand outlook for crude

Overview:
  • BKR in strong downtrend
  • High risk trade trying to predict bottom

Entry conditions:
  • Close above 20.61
  • RSI > 40
  • MACD fast crosses slow

Stop Loss:
  • Low lower than previous bar
  • Close below or at 200 EMA

Target Profit:
  • 63 EMA


Disclaimer
Not investment advice. Thinking out loud in a crowded room.
Ronald_Ryninger
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com
Also on:
Chart PatternsTechnical IndicatorsTrend Analysis

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTechnical IndicatorsTrend Analysis
Ronald_Ryninger
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.