Oil pullback

14 Jan

(NOL) nano Crude Oil Futures printed a diamond top pattern on the 4hr chart. A diamond top pattern is a technical analysis pattern that often occurs at or near market tops and can signal a reversal of an uptrend. This is a possible short entry / take profit from long position. The timing on an oil pullback could last approximately 2-3 days. This pattern is invalidated with a candlestick close above 79.

Trade idea:
short = 78.60
stop = 79
profit = 73

14 Jan

Catatan

14 Jan

Catatan