Oil swing trade

My Swing Trade set up, looking for a target of $48.01 w/ a $45.86 entry, w/ stop at $45.43 range

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AD showing cup, needs handle. have to monitor the depth of the handle being created. I like it so far

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cup/handle on daily,

monitoring moving avg cross over. still need targets of 46.63/47.21 taken out

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4hr approaching apex on triangle

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triangle breakout on 4hr monitoring for continuation onto the daily

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was waiting for the 15ema to cross spike level

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$47.21 target level hit

now needs to be taken out. Important to note the Daily 50% fib level of $47.05 was taken out

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the triangle breakout you saw on the 4hr chart, is attempting to do the same now on the daily

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4hr oil chart update, look for support to cross spike level soon

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*daily chart update* look at 2nd chart above this post and compare. Daily Triangle breakout confirmed

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potentially setting up an inverse head and shoulders if there is a retrace above the .618% fib level

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monitoring the supply zone, but the 18 ma is attempting to breakthrough the middle of the parallel channel

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sold w/ the break of $47.21, price rejected near supply zone. Looking to see if $46.63 holds

MoneyFlowTrader

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MoneyFlowTrader

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