OIL Trading planPattern: Triangle within a Channel Up.
Signal: (A) Bullish as long as the inner Higher Low trend-line holds, (B) Bearish if the Channel Up breaks downwards (RSI on a bearish divergence).
Target: (A) 37.00 (just below the March 10 High), (B) 26.00 (just above the Symmetrical Support).
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Oiljuly
OIL Trading PlanPattern: Channel Up on 4H.
Signal: (A) Bullish as long as the (red) Inner Higher Low trend-line holds. (B) Bearish if th Channel Down breaks downwards.
Target: (A) 35.00 and 37.00 respectively (near the two Resistance levels). (B) 26.00 (just above the Symmetrical Support).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Recent Oil trade: