Short
Oil pullback
(NOL) nano Crude Oil Futures printed a diamond top pattern on the 4hr chart. A diamond top pattern is a technical analysis pattern that often occurs at or near market tops and can signal a reversal of an uptrend. This is a possible short entry / take profit from long position. The timing on an oil pullback could last approximately 2-3 days. This pattern is invalidated with a candlestick close above 79.
Trade idea:
short = 78.60
stop = 79
profit = 73
Trade idea:
short = 78.60
stop = 79
profit = 73
Note
Note
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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.