Market players reacted positively to the price cap that was imposed over the weekend.
This, along with the three-wave pattern (ABC) in oil, opens the opportunity for traders to enter the market by buying according to the scheme shown above.
Set stop-loss at 80, then exit upon the breakdown of 82 and 83. This trading idea is based on the "Price Action" and "Stop Hunting" methods.
Good luck and have a nice day! Don't forget to control the risks.
Relevance up to 09:00 2022-12-06 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
