After making a low of 19.21 $ , Crude oil is ready to give a retracement to ride for a 4th wave corrective pattern. Analysis is mentioned on the chart. One should Go long by keeping a stop loss below 21$ for a target zone of 26$ /29$ / 34 $ /36 $.
評論:
The current situation tells that , sustaining below 21$ , it is still completing its wave 3 & chances of making new lows. As long as the recent low is maintained the chances for a bounce back is intact. As of now no trade if price hit the 21$ mark & sustained below. It will be reviewed later when it shows some strength.
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
www.tradingsutra.com
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@TRADINGSUTRA @WAVESUTRA
Analyst & Co-Founder
www.tradingsutra.com
www.waveutra.com
INSTAGRAM-
www.instagram.com/mansh_25
TWITTER-
twitter.com/mansh_25
YOUTUBE -
@TRADINGSUTRA @WAVESUTRA