look the chart simple price pattern + japanese candlesticks and indicators filtering
Wanna show more detailed chart related to previous one with oil
Sell today after IH&S wasn't bad idea
volatility extreme now so be careful
- support level (1208-1200 diagonal) - doji on Daily chart - Inverted H&S formation on bottom - RSI bullish divergence so for me strategy now buy from hippest point and add on the break of neckline 1194-1195 tgt 1214 could go moreover but classical should bounce from *broaken* broadening top formation for former down movement at 1214 best way to look for sell...
Here Crude Oil price right on wedge support so we can try long here full lot with tight stop loss. H3 Hammer gave me nice reversal from breached triangle resistance with classically became support. Otherwise if we breached down we can see 3x again soon. Black - Wedge Ascending
all in chart SL closer to 50 nice P/L ration
.... buy here - 1.28727 1 lot can add 1.2825 1 lot and last one for 1.2788
easy idea for tomorrow market open we got strong resistances on the way that showed themself by measured descending move. break of 46.5 would move price fast to 47.5- 48.x $ per barre according to weekly we are still moving to make right shoukder in IH&S pattern.
pattern trade many parameters can be used
all in chart best to get in position on the third dip (around 1320) today and not loose first entry point on second one at (1324)
Price forming IH&S pattern on m15, so the neckline break if pattern sustain only gives more power to this structure. By thr other side dont forget to use tight SL in long trades cause price hovering Support line on top pattern which can be considered as 1250 for TP Portions of orders according to Spot mkt: * Buy limit 1313 with SL 40 pips (1309 SL) * Buy stop...