UKOIL - The game is on.

There’re no surprises here, UKOIL is doing exactly what was supposed to do. In case you missed, in my previous analysis I pointed out that Piercing Line pattern, and if triggered, it’s a long trade. Here’s my last analysis:

If you like faster trades, the hourly chart gave us a nice and very technical trade. Yesterday I pointed about this pattern, Adam & Eve Double Bottom, and today reached its target. Check it out:



I confess that I would like a stronger candlestick today, with a closure way above that blue line, which served as support and resistance in the past, but that’s fine. Let’s be patient here.

Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.

Thank you very much.

* LIKE this idea and FOLLOW me, because:

- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *

* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *