Hello traders, it has been a while.
Here is a harmonic pattern trading setup capable of initiate the reversion in the OIL market.
If the price manage to descent in the 21$/barrel territory accompanied with the right price action we will have a chance to go long.
Of course news are playing a key role in the Oil market and maybe a dicline to that price to be followed by a new agreement/announcement of OPEC and Non-OPEC producers for more drastic measyres in order to support the price.
In any case this is a technical analysis setup and can be stand alone.
Targets to the 38,2% and 61,8% AD retracement and Stops 10-20 pips below X point.
With regards,
Michail Sideris
Here is a harmonic pattern trading setup capable of initiate the reversion in the OIL market.
If the price manage to descent in the 21$/barrel territory accompanied with the right price action we will have a chance to go long.
Of course news are playing a key role in the Oil market and maybe a dicline to that price to be followed by a new agreement/announcement of OPEC and Non-OPEC producers for more drastic measyres in order to support the price.
In any case this is a technical analysis setup and can be stand alone.
Targets to the 38,2% and 61,8% AD retracement and Stops 10-20 pips below X point.
With regards,
Michail Sideris
Trade aktif
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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.
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.