2018-5-28
We had a bullish view in Oil for the past months. However, some notable changed in Oil price occurred recently.
1. Double H&S reversal on top
2. Previous Structure Low is taken out (Yellow)
3. We are looking to Short when the market retest the previous Resistance Levels
In addition, we can expect some support near our previous support zone (Red lines). Let's wait and see if we can get our confirmations near these levels.
We had a bullish view in Oil for the past months. However, some notable changed in Oil price occurred recently.
1. Double H&S reversal on top
2. Previous Structure Low is taken out (Yellow)
3. We are looking to Short when the market retest the previous Resistance Levels
In addition, we can expect some support near our previous support zone (Red lines). Let's wait and see if we can get our confirmations near these levels.
Nota
Price has passed straight through Resistance level#2 and now showing some weakness around Resistance level#1. Let's wait and see if we can get our confirmation to initiate the trade.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.