Crude is forming a nice Wedge: we can have the following 2 plans;
1. Sell at the current rate with a tight Sl above the red candle :
Sl : 71.15
TP :68.3
TP2:67.16
2. Buy if it goes above 71 and expect to test 72.9
Put Sl below the red candle : 69.3
1. Sell at the current rate with a tight Sl above the red candle :
Sl : 71.15
TP :68.3
TP2:67.16
2. Buy if it goes above 71 and expect to test 72.9
Put Sl below the red candle : 69.3
Note
Exactly following the plan as of now. So sell is making money.
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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.