Update - Monthly pattern challenged, daily Crab may support
Update on my Crude Oil analysis:
Right now, the monthly Bat pattern mentioned in my previous Oil analyses has been violated but the continuous decline in Oil prices...
However, since we are talking about a monthly chart - The month isn't over yet... only a monthly close will determine whether the pattern will remain valid or not.
In addition to the monthly Bat, we now have daily Crab pattern (completion near 30$).
In the chart I'm showing two potential swing/longer term trading opportunities that offers at least R/R of 2.
Tomer, The MarketZone.net
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Right now, the monthly Bat pattern mentioned in my previous Oil analyses has been violated but the continuous decline in Oil prices...
However, since we are talking about a monthly chart - The month isn't over yet... only a monthly close will determine whether the pattern will remain valid or not.
In addition to the monthly Bat, we now have daily Crab pattern (completion near 30$).
In the chart I'm showing two potential swing/longer term trading opportunities that offers at least R/R of 2.
Tomer, The MarketZone.net
Follow my blog - goo.gl/TWWN8C
Subscribe to my mailing lists - goo.gl/JfOLoR
Follow me on TradingView
