WTI Crude Oil is on the pull back after a Resistance Zone (1) rejection.
The Rising Support trend line is parallel to the MA50 (1d) and a 0.5 Fibonacci test would be the most effective buy entry.
So far this resembles the January 29th 2024 rejection.
Trading Plan:
1. Buy on the 0.5 Fib.
Targets:
1. 86.50 (Resistance Zone 2).
Tips:
1. The RSI (1d) also shows similarities with the Jan 29th 2024 rejection, supporting our expectation of a MA50 (1d) bounce.
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The Rising Support trend line is parallel to the MA50 (1d) and a 0.5 Fibonacci test would be the most effective buy entry.
So far this resembles the January 29th 2024 rejection.
Trading Plan:
1. Buy on the 0.5 Fib.
Targets:
1. 86.50 (Resistance Zone 2).
Tips:
1. The RSI (1d) also shows similarities with the Jan 29th 2024 rejection, supporting our expectation of a MA50 (1d) bounce.
Please like, follow and comment!!
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Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.