- Crude oil had a retracement on daily time frame towards trendline.
- Price has retraced to 0.5-0.618 zone, a bullish momentum from here can break previous highs
- A bullish divergence has also formed with double bottom pattern on hourly time frame.
- Mulitple confluences make this a good buy opportunity for long.
- Price has retraced to 0.5-0.618 zone, a bullish momentum from here can break previous highs
- A bullish divergence has also formed with double bottom pattern on hourly time frame.
- Mulitple confluences make this a good buy opportunity for long.
Trade active
Trade closed: stop reached
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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.