Crude Oil Bearish Swan And Short Opportunity
Description: Crude Oil completed a Bearish Blac Swan Pattern on the H4 Chart. RSI readings indicate a divergence. Bearish reversal is predicted.
Warning and Things to Pay Attention:
- Harmonic Patterns are reversal patterns and mostly against the main trend on the chart they appear.
- Target levels are determined by MM Calculation as the pattern has not been completed yet. They may vary 3-5 pips according to the completion level of the predicted patterns.
- Pay attention to Time Frame, Trade Period and Estimated Completion Time, Accuracy and Recommended Lot Size clauses mentioned below.
Trade Reason: Bearish Black Swan Pattern
Time Frame: H4
Trade Period: Intraday / Midterm
Estimated completion time: 2-16 H4 Candle Stick
The trend in the Timeframe: Bullish
The trend in the Daily Chart: Bullish
The accuracy of the pattern: 92 %
Recommended Lot Size: 0.10 at 10K
Area of the Entry: 59.60 ( May Contracts )
Stop Loss: 60.40
Target 1: 58.70 / Reached. You can book partial profits and move Stop Loss to entry.
Target 2: 58.10 / Reached 150 pips
Target 3: 57.81
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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