Analysis for swing traders
WTI is clear cut. With new 52-week high and former becoming support this is a long proposition. In my last observation for WTI I brought up inserting a Fib-R. With new high adjust this Fib-R higher also. Note that price bounced off 23.6 so this is a strong trend.
Since price is now pretty close to high might as well wait for a clear break higher before jumping. Otherwise keep eyeing that 23.6 support for another test. Second test of level will be buy opportunity. As always market may overshoot to wash n rinse this level. Consider this as a discount to reward risk-taking. It should not be used to short in case it turns out false break.
WTI is clear cut. With new 52-week high and former becoming support this is a long proposition. In my last observation for WTI I brought up inserting a Fib-R. With new high adjust this Fib-R higher also. Note that price bounced off 23.6 so this is a strong trend.
Since price is now pretty close to high might as well wait for a clear break higher before jumping. Otherwise keep eyeing that 23.6 support for another test. Second test of level will be buy opportunity. As always market may overshoot to wash n rinse this level. Consider this as a discount to reward risk-taking. It should not be used to short in case it turns out false break.
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.
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.