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Ilikethehell

Crude oil 4h chart, technical looks weak.

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Trend Analysis Harmonic Patterns Chart Patterns Crude Oil WTI Crude Oil crudeoilwti crudeoilforecast crudeoilprediction crudeoilanalysis crudeoiloutlook
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Crude oil 4h technical-looking weak. Bear pennant on the price itself and a rising wedge on 4h RSI both combination suggests a strong bearish sentiment. upcoming week we can witness so many stupid repeated news like economic slowdown, trump - china, Iran war, trade war,. and so many never-ending shits. so, technically we have to gauge the price where it's heading next.

Expected short term target 50 and 48.

Reasons and Confluences:
1. Bear pennant on the price itself.
2. Rising wedge on the 4h RSI.
3. Elliott Wave ABCDE pattern.
Komen:
Hit and run. this is one of the most stupid analysis I've ever done and the Market proved how fool my analysis was.

Idea Berkaitan

Ilikethehell
Crude oil 4h, There are scenarios.
Ilikethehell
Crude oil 4h, this is a clean pattern. read discription
Ilikethehell
Crude oil 4h once again sell setup.
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