A good buy opportunity to 53 for oil traders.
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Hourly chart. Bullish trend after clear RSI divergence.
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Price retraced under thin line. Watch for breakout of the indicated level
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Potential alternative view if price rebound on green colored level
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Alternative view confirmed.
TP level @48.5
TP level @48.5
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Oil still moving inside this bullish green channel. I'm waiting a retracement around 52 before taking short position
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Pattern invalidated. Changed my view :)