Oil to the Bottom before a Big impulse UP
Welcome traders,
Here we can see Oil lies in the correction of a Long term ascending channel of more than one year duration after the break of a descending trendline since 2008
We spotted a nice SHORT opportunity :
-a good LQ zone ( Blue ) at around 70
-an ascending correction line in Blue
-the upper border of the descending correction in Red
-Golden Fibo
SL : above structure and trendline ~ 71
TP1 : 67-65 area of interest
TP2 : 62 previous low
TP3 : 59 last possible valid area at good confluence for going LONG
Trade Safe everyone
Here we can see Oil lies in the correction of a Long term ascending channel of more than one year duration after the break of a descending trendline since 2008
We spotted a nice SHORT opportunity :
-a good LQ zone ( Blue ) at around 70
-an ascending correction line in Blue
-the upper border of the descending correction in Red
-Golden Fibo
SL : above structure and trendline ~ 71
TP1 : 67-65 area of interest
TP2 : 62 previous low
TP3 : 59 last possible valid area at good confluence for going LONG
Trade Safe everyone
Trading ditutup: stop tercapai
Trade closed with losswaiting for a buy opportunity now after breakout of the correction
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Pernyataan Penyangkalan
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.