Crude Eyes Bullish Reversal - Descending Trendline
🚨 Crude Oil (MCX) 4 HOUR Chart Analysis 🚨
🔹 Bullish Indicators Identified: Breakout from a descending trendline, signaling potential trend reversal.
Price reclaiming the 55 EMA (6211) as a key resistance level.
🔹 Expanding Demand Zone: The breakout structure suggests a shift in market sentiment, increasing the probability of bullish continuation.
🔹 Target Levels: Watching for price movement towards the 6310 zone (Bearish OB).
T1 - 6250
T2 - 6300
T3 - 6350
🔹 Breakout Confirmation: A strong move above 6180 - 6200 will validate the bullish breakout.
🔹 Risk Management: Ensure proper stop-loss placement to manage risk effectively.
📈 Stay alert for confirmation & volume surge! 🚀
🔹 Disclaimer: This is a technical analysis based on available data and should not be considered financial advice. Trading involves risk; past performance is not indicative of future results.
❤️ If this helps, please like the post!
🔹 Bullish Indicators Identified: Breakout from a descending trendline, signaling potential trend reversal.
Price reclaiming the 55 EMA (6211) as a key resistance level.
🔹 Expanding Demand Zone: The breakout structure suggests a shift in market sentiment, increasing the probability of bullish continuation.
🔹 Target Levels: Watching for price movement towards the 6310 zone (Bearish OB).
T1 - 6250
T2 - 6300
T3 - 6350
🔹 Breakout Confirmation: A strong move above 6180 - 6200 will validate the bullish breakout.
🔹 Risk Management: Ensure proper stop-loss placement to manage risk effectively.
📈 Stay alert for confirmation & volume surge! 🚀
🔹 Disclaimer: This is a technical analysis based on available data and should not be considered financial advice. Trading involves risk; past performance is not indicative of future results.
❤️ If this helps, please like the post!
Trade ativo
Crude Oil Update: 2nd Target Hit! 6300
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.