Crude Oil Swing TradeThe idea here is about Crude Oil Swing Trade:
I am bullish on short term for crude oil due to the below observed technical factors.
1. Support established on a daily chart at the point of falling wedge as per below:
2. Deep Crab Harmonic pattern completed on a daily chart as per below:
3. Leonardo Harmonic pattern completed on a weekly chart as per below:
4. Trading below 20 & 200 EMA on daily chart & weekly chart.
5. RSI is at 34.67 on a Daily Chart & 34.36 on a weekly chart at the time of publishing.
6. MACD below signal line on daily & weekly chart .
Projected targets as per Deep Crab & Leonardo Harmonic provided in the chart & Weekly Image attached as above.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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