CRUDE OIL Potential Short Opportunity

33
CHART TIMEFRAME: H4

PATTERN: Bearish Crab Pattern

PREDICTED PRICE ACTION: Crude Oil would complete Bearish Crab at D 66.41. Possible retracement towards Fibonacci 38.2 and 61.8.

TRADE: SHORT

AREA OF ENTRY: 66.35 -66.60

STOP LOSS: 67.30

TAKE PROFIT 1: 65.70

TAKE PROFIT 2: 65.30

EXTENDED TARGET: 64.90

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