Better sell the bounce
Booked profit at 1.62 extension, didn't wait for entire move as CNBC came with the highlight of daily technical for oil just had very bearish signal, MA 50 crosses MA 200. This has been very severe selling, I'd expect people would go short-covering next week. Will see if this fits to next sell. anyway 33-34 is very big support so better be careful than sorry.
Might targeting new low after the bounce but we'll see, if it fails breaking previous bottom if it doesn't I'd look to buy.
Bearish invalid if price violates 35.12
Might targeting new low after the bounce but we'll see, if it fails breaking previous bottom if it doesn't I'd look to buy.
Bearish invalid if price violates 35.12
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