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Crude Oil Technical Analysis and Trade Setup Update

Crude Oil Technical Analysis and Trade Setup Update

Harmonic and Pattern Trader EA found:

Fractal Resistance Breakout at 38.70

Long Trade: 38.70

Stop: MM 2/8

Target: 39.70

At the target zone Harmonic and Pattern Trader EA found a Bearish Gartley Pattern forming.

Update: Long trade achieved the target zone: 100 Pips

Pattern Trader Setup:

PRZ MM H1 6/8 Pivot / Reverse Major 39.84 and MM 7/8 Weak Stall & Reverse 40.23

Levels to focus: 39.45 39.10 38.74

Fundamentals to watch for TF: IndustrialsPush Wall Street Higher – Positive Oil Near-term –

Good Luck!

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

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.

 

 

 

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