Support trendline hit and bounce
Hi Folks:
Here's my view on the Brent Oil. The ascending channel (green) has been invalidated due to a break out and we bounced right at the support trendline of the descending channel (red), therefore we should consider taking trades at the edges of the channel.
Cheers.
UKOIL
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Here's my view on the Brent Oil. The ascending channel (green) has been invalidated due to a break out and we bounced right at the support trendline of the descending channel (red), therefore we should consider taking trades at the edges of the channel.
Cheers.
UKOIL-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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