M-Pattern formation is halfway completed. The Price now moving toward the neckline for retesting and continue its down trend.
We can take a small buy trade here.
Take exit near the ear of neckline and wait for the trend confirmation.
It is likely that the neckline will be broken and USOIL might start a wild bullish trend due to inflation data releasing today.
DO your own analysis before taking a trade.
BEST OF LUCK !!!
We can take a small buy trade here.
Take exit near the ear of neckline and wait for the trend confirmation.
It is likely that the neckline will be broken and USOIL might start a wild bullish trend due to inflation data releasing today.
DO your own analysis before taking a trade.
BEST OF LUCK !!!
Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.