LIGHT CRUDE OIL //BEARISH BAT PATTERN // 60 MINS

Hi,

We have Potential Short setup developing crude oil hourly chart.

Please refer chart for details.

Trade with care,
Gulz

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Anulowano zlecenie:

CD leg overstretched for the BAT pattern ( time factor) -- So will not short as per the pattern levels...
will be looking to short at 61.8 fib level of last wave if get good price action.. will post as a separate thread later.

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Alternate trade setup is looking of breakdown of H &S ( last screenshot)

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A short-term buy setup developing on chart

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BOOM..............

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Last price 63.07
It was quick 100+ point trade in MCX crude ..

Transakcja zamknięta: osiągnięto wyznaczony cel:

Last price 63.2 -- Closed the remaining positions , will look for new setups in next week.

Komentarz:

As the price is getting higher and near to the next structure levels -- we have some short setups developing.. will be watching to short the Oil at highlighted zones if price action good ( lower time frame double top / candle stick formation/indicators etc can be used to enter)

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Strong upward price action in zone 1 -- looks like will have to wait for zone 2

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couldn't follow up this trade