The sells offs in oil are gaining momentum. A nice, weak retracement back to around 53 would make for a potentially favorable short. Let's see if it can reach that area first....
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There's probably a reversal gartley pattern in there somewhere for this who trade them :)
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updated "analysis" with explanations on hourly chart:
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Part 2:
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No trade yet. dont take the bait
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Updated buy zone, in case price would rather be bought first, or for your first TP.
Trade ativo: