Hello everyone,
Today I'm going to take a look at the oil chart.
- The oil price has risen significantly recently
- A fundamental trend reversal is in the offing
- The last trend high has been approached, but not yet overcome.
- The price is at very prominent resistances
- I now expect a longer-term correction!
The plan
- I would like to buy at the golden pocket of the last relevant long movement, ideally around 45$.
- The zone is supported by a horizontal support.
- My target zone is at the golden pocket of the penultimate short move at approx. 80$.
- If the long-term trend line can be overcome, there is the option to extend the trade for the longer term.
With this in mind,
Greetings & Keep it simple
Max
Today I'm going to take a look at the oil chart.
- The oil price has risen significantly recently
- A fundamental trend reversal is in the offing
- The last trend high has been approached, but not yet overcome.
- The price is at very prominent resistances
- I now expect a longer-term correction!
The plan
- I would like to buy at the golden pocket of the last relevant long movement, ideally around 45$.
- The zone is supported by a horizontal support.
- My target zone is at the golden pocket of the penultimate short move at approx. 80$.
- If the long-term trend line can be overcome, there is the option to extend the trade for the longer term.
With this in mind,
Greetings & Keep it simple
Max
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.
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.