AB=CD pattern on WTI Crude Oil
AB=CD Pattern formed, expected price will have a rejection at the range of 40 to 41.
We will wait for a breakout/ reversal signal and aim for target 43.40 and 45.60.
We will wait for a breakout/ reversal signal and aim for target 43.40 and 45.60.
Note
Target Profit 1 hit! But after that a hanging man formed, following with a 3 dark cloud cover,
If the price able to move back to resistance area and breakout,
the but signals still exists.
Trade closed: stop reached
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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.