Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss
Just for educational purposes.......
This is your host k902............................ back at your service
Called oil top at 117 tracking oil for 4 months so oil has done it distribution lots of traders been set up being trapped in longs or bought oil in anticipation of recession now when finally it breaks today I will not say much
Because bulls still think this is buying the dip opportunity, they have been buying the dip since 117 and some will continue to buy till bottom. it is good time to look for shorts not longs
Just for educational purposes.......
This is your host k902............................ back at your service
Called oil top at 117 tracking oil for 4 months so oil has done it distribution lots of traders been set up being trapped in longs or bought oil in anticipation of recession now when finally it breaks today I will not say much
Because bulls still think this is buying the dip opportunity, they have been buying the dip since 117 and some will continue to buy till bottom. it is good time to look for shorts not longs
Nota
You must be asking about what about falling wedge, yes there is but I see zero to non-bullish divergence on weekly Nota
What about oil target, where will oil find next support around 59 bucks give or take few bucks Nota
Oil still can do something like Nota
month macd has cross to downside
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.