Crude Oil. Buy Opportunity.
Drew up my analysis on the daily chart so we can get bigger and longer moves. When the market opens I believe the market will bearish for the rest of the day or so and come down to around the 65.99 area for the retracement to happen. I chose this area because it is around my 0.5 fib retracement zone. Because as you can see price before has bounced off that area in order for it be be considered a reversal to the bullish side. I have my Alert set on that area as well so I can get in a nice entry. We also have a Bullish Falling Wedge forming which from previous experience is a frequent used confirmation of mine. I have my stop loss & take profit set with a nice 4:2 ratio( I typically don't have a preferred win/loss ratio it really does vary). Have all alerts set just in case anything changes. Cant wait for the outcome! Have a blessed day!
Entry : 65.99
Exit : 71.73
Stop Loss : 64.65
Entry : 65.99
Exit : 71.73
Stop Loss : 64.65
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