Crude oil Multiple timeframe analysis (Higher timeframes)
Monthly TF at Major Supply range.
Weekly TF trading between a range, currently formed Bearish divergence.
Daily TF formed a New low on Thursday, sign of Downtrend.
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In DAILY TF, Can expect fall after testing SMA 20 / Fibonacci Retracement level of 61.8%.
Target levels 62$, 59$ & 57$..
Follow with 4H /1H TF for more confirmation. (These are in Buy to retracement for Daily TF's Sell swing).
Think in Probability. Trade based on your Financial goals & Risk tolerance..
Weekly TF trading between a range, currently formed Bearish divergence.
Daily TF formed a New low on Thursday, sign of Downtrend.
SHARE YOUR VIEWS
In DAILY TF, Can expect fall after testing SMA 20 / Fibonacci Retracement level of 61.8%.
Target levels 62$, 59$ & 57$..
Follow with 4H /1H TF for more confirmation. (These are in Buy to retracement for Daily TF's Sell swing).
Think in Probability. Trade based on your Financial goals & Risk tolerance..
Ordre annulé
NO PROPER REVERSAL IN LOWER TIME FRAME, STRONG BULL CONTINUES.
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Publications connexes
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.