🛢️I took this scenario into consideration looking at the length of the current trend. But I thought that a correction at the double bottom could occur.
🛢️This time I will give you my downward scenario for usoil.
🛢️The support zone to which the price could go is a cluster of two levels. 1.272 of the last upward correction and the 0.886 level of the entire upward wave visible on the chart.
🛢️I determined the resistance zone based on the 0.618 level of the last upward correction and this was the zone where the price found resistance and support in the past.
🛢️The scenario I am playing out is a continuation of declines to the support zone with consideration of smaller corrections along the way
🛢️*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.