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CipherCharts

Crude Oil: Potential Bullish Shift

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
CipherCharts  
TVC:USOIL   CFDs on WTI Crude Oil
Harmonic Patterns Chart Patterns Technical Indicators Crude Oil WTI usoilanalysis usoillong Crude Oil wticrude WTI wtioil wticrudeoil comodities
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harmonicpatterns chartpattern indicator usoil usoilanalysis usoillong crudeoil wticrude wti wtioil wticrudeoil comodities
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

  • 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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