(1h) Bearish Butterfly

FX:USOIL   CFDs on Crude Oil (WTI)

Safe Trades;
Comment: Adjusted Fibs, Stops and Targets

Comment: 1st target at 38 fib

Comment: For the price to forge an ABCD pattern where the movement from A to B is = to the movement from C to D (ab=cd pattern), we need the price at the 38% levels

Comment: RSI Structure*
Comment: Manage your trades:

At 38% from previous move, RSI structure.
A projection as an AB=CD pattern will send the price to the 2nd target the 618.

Comment: Monthly Chart to keep in consideration :)

Comment: Structure and price action update:
Trade closed: stop reached:


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