CRUDEOIL - Symmetrical triangle breakout on the horizon
Crude Oil Update (4-Hour Timeframe)
Chart Overview:
Crude Oil is trading within a symmetrical triangle pattern, with both lower highs and higher lows converging, signaling potential for a breakout soon.
The price has rejected the upper trendline (around 5895) multiple times, highlighting it as a critical resistance level.
EMA Analysis: The price is hovering near the 55 EMA (5836), indicating indecision. A close above this EMA could push the price higher.
Trading Plan:
Entry Long: Above 5900
Target 1 - 6002
Target 2 - 6138
Entry Short: Below 5744
Target 1 - 5450
Target 2 - 5500
Risk Management: Maintain a stop-loss below the triangle's lower boundary for long positions and above the upper boundary for short positions.
Disclaimer: This technical analysis is for informational purposes only and does not constitute financial advice. Always trade responsibly and manage your risks effectively.
Chart Overview:
Crude Oil is trading within a symmetrical triangle pattern, with both lower highs and higher lows converging, signaling potential for a breakout soon.
The price has rejected the upper trendline (around 5895) multiple times, highlighting it as a critical resistance level.
EMA Analysis: The price is hovering near the 55 EMA (5836), indicating indecision. A close above this EMA could push the price higher.
Trading Plan:
Entry Long: Above 5900
Target 1 - 6002
Target 2 - 6138
Entry Short: Below 5744
Target 1 - 5450
Target 2 - 5500
Risk Management: Maintain a stop-loss below the triangle's lower boundary for long positions and above the upper boundary for short positions.
Disclaimer: This technical analysis is for informational purposes only and does not constitute financial advice. Always trade responsibly and manage your risks effectively.
交易結束：目標達成
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。