CRUDEOIL MASSIVE BREAKOUT
Chart Analysis
The chart shows a falling wedge pattern, a classic bullish reversal setup. The price has successfully broken out of the wedge pattern and is now testing the breakout zone near 5960, indicating potential further upside.
Additionally:
The 55 EMA is acting as dynamic support and is currently positioned at 5935
Buying Levels:
Entry: 5960 (breakout confirmation)
Support: 5935 (for tight stop-loss setups)
Accumulation Zone: 5920 (for a risk-reward play)
Selling Levels:
Profit Booking Target: 6020
Extended Target: 6050 (if momentum persists)
Stop Loss: 5920 (below the demand zone)
Key Notes
Watch for volume confirmation to validate the breakout.
Keep an eye on broader market trends for crude oil, as global sentiment can significantly impact intraday movements.
Disclaimer: This is for educational purposes only. Conduct your own analysis before entering trades.
The chart shows a falling wedge pattern, a classic bullish reversal setup. The price has successfully broken out of the wedge pattern and is now testing the breakout zone near 5960, indicating potential further upside.
Additionally:
The 55 EMA is acting as dynamic support and is currently positioned at 5935
Buying Levels:
Entry: 5960 (breakout confirmation)
Support: 5935 (for tight stop-loss setups)
Accumulation Zone: 5920 (for a risk-reward play)
Selling Levels:
Profit Booking Target: 6020
Extended Target: 6050 (if momentum persists)
Stop Loss: 5920 (below the demand zone)
Key Notes
Watch for volume confirmation to validate the breakout.
Keep an eye on broader market trends for crude oil, as global sentiment can significantly impact intraday movements.
Disclaimer: This is for educational purposes only. Conduct your own analysis before entering trades.
Transaction en cours
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.