On 4h timeframe, WTI Crude Oil is printing a falling wedge pattern followed by Bearish Divergence on RSI. Potential Reversal Zone is predicted using the AB=CD pattern.
TRADE PLAN
TRADE PLAN
- Buy on breakout on previous Lower High.
- Stop Loss on previous Lower Low
- TP1, TP2 with RRR of 1:1 and 1:2 respectively
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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.