Crude Oil Swing Trade
Updated
The idea here is about Crude Oil Swing Trade:
I am bullish on short term for crude oil due to the below observed technical factors.
1. Support established on a daily chart at the point of falling wedge as per below:
https://www.tradingview.com/x/HHqdVLIC/
2. Deep Crab Harmonic pattern completed on a daily chart as per below:
https://www.tradingview.com/x/uo7aYC9H/
3. Leonardo Harmonic pattern completed on a weekly chart as per below:
https://www.tradingview.com/x/B42JDBtL/
4. Trading below 20 & 200 EMA on daily chart & weekly chart.
5. RSI is at 34.67 on a Daily Chart & 34.36 on a weekly chart at the time of publishing.
6. MACD below signal line on daily & weekly chart .
Projected targets as per Deep Crab & Leonardo Harmonic provided in the chart & Weekly Image attached as above.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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I am bullish on short term for crude oil due to the below observed technical factors.
1. Support established on a daily chart at the point of falling wedge as per below:
https://www.tradingview.com/x/HHqdVLIC/
2. Deep Crab Harmonic pattern completed on a daily chart as per below:
https://www.tradingview.com/x/uo7aYC9H/
3. Leonardo Harmonic pattern completed on a weekly chart as per below:
https://www.tradingview.com/x/B42JDBtL/
4. Trading below 20 & 200 EMA on daily chart & weekly chart.
5. RSI is at 34.67 on a Daily Chart & 34.36 on a weekly chart at the time of publishing.
6. MACD below signal line on daily & weekly chart .
Projected targets as per Deep Crab & Leonardo Harmonic provided in the chart & Weekly Image attached as above.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations.
Cheers.
Trade active
Target 1 AchievedTrade active
Target 2 Achieved.Trade active
20 EMA support Established.
Comment
Flag pattern broken on hourly chart
Trade active
Target 3 Achieved.Trade closed: target reached
All Target's achieved : 17.7%
Congrats.
Comment
Anti Gartley pattern Confirmed for short Entry :Comment
Bearish flag formation on H1 : will wait and see how this plays out.
Comment
Nen Star C Swing target completed.
AB=CD pattern possibilities.
Trade closed: target reached
Target 4 Achieved.Comment
Contracting Triangle Breakout, Price may retrace between 89-90$.
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Disclaimer
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