crude - long setup
crude has given a fabulous upmove in the past few days.
2 possibilities
a) it will start falling
b) after this pullback -current fall - upswing again
I expect case 2
price has taken support of double Doji high - which I expect to act as an important support.
trade plan can be
buy with sl of 22.5 for 1st target 24
2 possibilities
a) it will start falling
b) after this pullback -current fall - upswing again
I expect case 2
price has taken support of double Doji high - which I expect to act as an important support.
trade plan can be
buy with sl of 22.5 for 1st target 24
Note
or conservative trader can go long above this swing high with same sl
KA
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KA
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.