CRUDE OIL Potential Short Opportunity
CHART TIMEFRAME: H4
PATTERN: Bearish Crab Pattern
PREDICTED PRICE ACTION: Crude Oil would complete Bearish Crab at D 66.41. Possible retracement towards Fibonacci 38.2 and 61.8.
TRADE: SHORT
AREA OF ENTRY: 66.35 -66.60
STOP LOSS: 67.30
TAKE PROFIT 1: 65.70
TAKE PROFIT 2: 65.30
EXTENDED TARGET: 64.90
PATTERN: Bearish Crab Pattern
PREDICTED PRICE ACTION: Crude Oil would complete Bearish Crab at D 66.41. Possible retracement towards Fibonacci 38.2 and 61.8.
TRADE: SHORT
AREA OF ENTRY: 66.35 -66.60
STOP LOSS: 67.30
TAKE PROFIT 1: 65.70
TAKE PROFIT 2: 65.30
EXTENDED TARGET: 64.90
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