A huge dip today on USOIL has given a great opportunity to enter a long position with targets at $59.21 and $62.65.
It seems like we're coming to the end of the correction from the February low of $26; and we've completed all but the end of wave C (4 out of 5 waves) - with the dip showing 2 out of the 3 waves of wave 5 have run their course. The move downwards bounced off the 0.5 Fibonacci line and we're still sitting above the EMA.
Alongside this, the RSI is showing a similar pattern when wave A occurred and, still in the channel, there is enough technical reason to be happy entering a long with eyes on $60, and a relatively tight stop loss.
Happy trading!
It seems like we're coming to the end of the correction from the February low of $26; and we've completed all but the end of wave C (4 out of 5 waves) - with the dip showing 2 out of the 3 waves of wave 5 have run their course. The move downwards bounced off the 0.5 Fibonacci line and we're still sitting above the EMA.
Alongside this, the RSI is showing a similar pattern when wave A occurred and, still in the channel, there is enough technical reason to be happy entering a long with eyes on $60, and a relatively tight stop loss.
Happy trading!
Dagangan ditutup: hentian tercapai
Trade void.Could well be heading to $40 (wave B); before we head towards $60.
Dagangan aktif
After what seems like a completed wave B; looks like we're back on to tackle previous highs.
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.