Today, we will share what we are waiting to develop bullish setups on Crude Oil
Let's understand the idea:
a) Currently, the price has reached a major resistance zone. What happened before? We can see that we had a corrective pattern and then a continuation of the bullish movement towards 75 - 76
b) The corrective pattern we are waiting for has a duration of 4 weeks approximately.
c) The corrective pattern will be the first filter that allows us to start developing the setup on a lower timeframe, such as 4HS.
d) The resolution can take between 2 to 4 months if everything goes as expected.
We will make updates if the situation goes as planned. Thanks for reading!
Let's understand the idea:
a) Currently, the price has reached a major resistance zone. What happened before? We can see that we had a corrective pattern and then a continuation of the bullish movement towards 75 - 76
b) The corrective pattern we are waiting for has a duration of 4 weeks approximately.
c) The corrective pattern will be the first filter that allows us to start developing the setup on a lower timeframe, such as 4HS.
d) The resolution can take between 2 to 4 months if everything goes as expected.
We will make updates if the situation goes as planned. Thanks for reading!
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.