Short
Oil pullback
(NOL) nano Crude Oil Futures printed a diamond top pattern on the 4hr chart. A diamond top pattern is a technical analysis pattern that often occurs at or near market tops and can signal a reversal of an uptrend. This is a possible short entry / take profit from long position. The timing on an oil pullback could last approximately 2-3 days. This pattern is invalidated with a candlestick close above 79.
Trade idea:
short = 78.60
stop = 79
profit = 73
Trade idea:
short = 78.60
stop = 79
profit = 73
Note
Note
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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