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Crude Oil Bearish Bat and Short Opportunity Update: TP1 Reached

Crude Oil Bearish Bat and Short Opportunity

Description:  Crude Oil prices reached the supply zone. A bearish bat pattern confirms the minor correction.

Time Frame: H4

Trade Period: Intraday

If the pattern becomes validated estimated completion time: 2-5 H4 Candle Sticks

The trend in the Timeframe: Bullish

The trend in the Daily Chart: Bullish

Trade Based On Bearish Bat Pattern

The accuracy of the pattern: 90 %

Recommended Lot Size: 0.10 at 10K

Trade: Short 

The Area Of The Entry: 52.34 

Stop Loss:  53.50

Target 1: 51.60 / Target Reached 70 pips

Target 2: 50.80

Target 3:

You can view the setup:

Important Note: We will start to buy at 51.80. I will update.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

CRUDE OIL: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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