WTI OIL Trading Plan

Nov 25, 2020

Pattern: Bullish formation based on Fibonacci retracements and extensions. Every Higher Low is on a +0.118 Fibonacci retracement interval. Every Higher High on a -0.118 Fibonacci extension interval.

Signal: Buy near the 0.618 Fib retracement which is also the 4H MA50.

Target: 48.00 (just below the -0.382 Fibonacci extension).



Previous WTI OIL trade:

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