pre matured upward breakout
crude 4 hrs
As shown in the crude nymex 4 hrs chart, price made it's breakout from the bull weadge at pre matured stage. As a rule of polarity , now R line of the wedge will work as support line and tgt is 68 dolors which is prior high. Let's watch it.
Update 1 -- 11/06/18, 9.00 pm ist
crude 4 hrs
I adjust bull wedge but tgt is intact. Now you can see something like coil in blue lines. I am saying this as something because this is not perfect coil but still it can work. Let's see.
update 2 , 9.15 pm ist
crude 4 hrs
This is perfect coil, if break upwards should touch 68 mark in no time.
update 3, 07.17 ist, 14/06/18
crude 4 hrs
crude price made high of 67.17 dolors, facing resistance from wedge R line, better is to book all profits on long and exit. Our tgt of 68 dolor's is just 80 cent away so no need to take risk.
Enjoy the profits , Jay Shriram.
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