Crude is showing a W / double-bottom formation inside an Ascending Triangle. Price has made higher lows and is repeatedly testing the 9300 resistance.
I’m bullish only after a clean breakout above 9300. No early entry while price is still inside the pattern.
Key levels:
• 9300-9320 — Major breakout level
• 9580-9600 — Target 1
• 9800–9900 — Target 2
• 9150–9200 — Immediate major support
Trade Plan:
Above 9300 + proper breakout/sustain → bullish setup 🎯
Below breakout → wait, no trade.
SL: Below the swing breakout structure, according to risk.
I’m bullish only after a clean breakout above 9300. No early entry while price is still inside the pattern.
Key levels:
• 9300-9320 — Major breakout level
• 9580-9600 — Target 1
• 9800–9900 — Target 2
• 9150–9200 — Immediate major support
Trade Plan:
Above 9300 + proper breakout/sustain → bullish setup 🎯
Below breakout → wait, no trade.
SL: Below the swing breakout structure, according to risk.
Note
Disclaimer : For educational purposes only. Not a buy/sell recommendation. Trade with proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.