DeGRAM | UKOIL reversal pattern at resistance
UKOIL broke through the descending channel .
The price action tested the trendline and closed below it.
It failed to make a higher high, resulting in an H&S pattern.
The market is making a pullback on the larger scale of the bearish trend .
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
The price action tested the trendline and closed below it.
It failed to make a higher high, resulting in an H&S pattern.
The market is making a pullback on the larger scale of the bearish trend .
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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