WTI has been in range since May 8th. During this range period we notice the formation of a "cup and handle" pattern. If this pattern is confirmed we have a high probability that the price will go to the area of 28. which is equivalent to a top projection of the cup dept.
Trade active
We stick to our scenario … !! By the way is that a deep crab showing it self ? If this is confirmed next objective point D
Trade active
the market is always right and it validated our scenario once again.Price stopped exactly at point D
Trade closed: target reached
Both Targets [Point D and Target range] reached.It was a fantastic trade.
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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.