APA ready to roll over and crash here in tandem with USOIL.
2 ascending channels here with PA rising out longer term wedge to form a narrow and corrective ascending channel.
The channel has already broken to the downside to fall back into the larger ascending channel which will most likely also break to the downside.
Could be with impulse and a probable gap down to start the week.
RSI falling into lower quadrant also revealing bearish impetus.
Not advice.
2 ascending channels here with PA rising out longer term wedge to form a narrow and corrective ascending channel.
The channel has already broken to the downside to fall back into the larger ascending channel which will most likely also break to the downside.
Could be with impulse and a probable gap down to start the week.
RSI falling into lower quadrant also revealing bearish impetus.
Not advice.
Nota
Massive gap down and then long legged hammer forms a shakeout pattern through the lower trendline of the lower ascending channel. It may move correctively while USOIL cliff walks, but sooner or later its going to fall again.Nota
Press play and see APA is back in the ascending wedge following an upward shakeout pattern. It could have a flurry to finish however its almost at the apex. Not long now before APA falls I think.
Your FA guru can't read a chart💭
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.