Crude Oil Is Potentially Forming a Bullish AB=CD Pattern
I am looking forward to seeing how this idea/trade pans out. If today's bearish momentum continues but slows I will be looking to buy within the zone designated by the rectangle on the chart. This zone is:
I would love to know what you think about this idea! Please do not regard this trade as a signal -- I am still relatively new to trading and these are only my personal views and ideas!
Remember to wait for a confirmation before entering and to "trade your plan!"
- Completion of Bullish AB=CD pattern
- Structure to the left
- If crude oil makes it to the completion point RSI will likely be oversold
- On the longer time frame I am bullish and expecting another bullish impulse up
** Always remember to watch for warning signs and confirmation in the price action at the completion of these patterns!
I would love to know what you think about this idea! Please do not regard this trade as a signal -- I am still relatively new to trading and these are only my personal views and ideas!
Remember to wait for a confirmation before entering and to "trade your plan!"
Catatan
Rollover messing with my chart and all...rabble rabble.
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.
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.