Crude Oil Swing Trade

The 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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Trade active:

Target 1 Achieved

Trade active:

Target 2 Achieved.

Trade active:

20 EMA support Established.

Comment:

Flag pattern broken on hourly chart

Trade active:

Target 3 Achieved.

Trade closed: target reached:

All Target's achieved : 17.7%

Congrats.

Comment:

Anti Gartley pattern Confirmed for short Entry :

Comment:

Bearish flag formation on H1 : will wait and see how this plays out.

Comment:

Nen Star C Swing target completed.

AB=CD pattern possibilities.

Trade closed: target reached:

Target 4 Achieved.

Comment:

Contracting Triangle Breakout, Price may retrace between 89-90$.