After a strong show in the last weeks, crude oil needs to make an obvious correction.
We expect the correction to be of ABC structure and it has already completed waves A and B.
Further, the structure resembles a bullish flag pattern and the price is at the upper parallel now.
Currently, the pair is forming a bearish flag pattern in the short-term charts and a break below could guarantee a safe entry to bears.
PS: Aggressive trades, refer to the resistance at 40.41 for the stop.
We expect the correction to be of ABC structure and it has already completed waves A and B.
Further, the structure resembles a bullish flag pattern and the price is at the upper parallel now.
Currently, the pair is forming a bearish flag pattern in the short-term charts and a break below could guarantee a safe entry to bears.
PS: Aggressive trades, refer to the resistance at 40.41 for the stop.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.