Falling wedge Breakout in CRUDE?
Crudeoil Update (4-Hour Timeframe)
Pattern Formation: Falling Wedge, typically suggesting a potential breakout to the upside.
Current Setup: Crudeoil has taken support at the 5900 level and is now trending upward within the wedge.
Entry Above: 6025
Target 1: 6100
Target 2: 6220
Target 3: 6380
Stop-Loss: 5970
Analysis: Price has shown resilience at support, and a breakout could be triggered above 6025. Watching closely for an upward move.
Risk Management: Ensure proper stop-loss placement to guard against reversals.
Disclaimer: This is a technical analysis based on current data, not financial advice. Always trade with caution.
Pattern Formation: Falling Wedge, typically suggesting a potential breakout to the upside.
Current Setup: Crudeoil has taken support at the 5900 level and is now trending upward within the wedge.
Entry Above: 6025
Target 1: 6100
Target 2: 6220
Target 3: 6380
Stop-Loss: 5970
Analysis: Price has shown resilience at support, and a breakout could be triggered above 6025. Watching closely for an upward move.
Risk Management: Ensure proper stop-loss placement to guard against reversals.
Disclaimer: This is a technical analysis based on current data, not financial advice. Always trade with caution.
Trade attivo
ACTIVENota
1st target 6100 done
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.