Crude Oil: Potential Bullish Shift

٨ مايو ٢٠٢٤

On 4h timeframe, WTI Crude Oil is printing a falling wedge pattern followed by Bearish Divergence on RSI. Potential Reversal Zone is predicted using the AB=CD pattern.

TRADE PLAN

• Buy on breakout on previous Lower High.
  
• Stop Loss on previous Lower Low
  
• TP1, TP2 with RRR of 1:1 and 1:2 respectively