Good morning guys!!!
In my last charts we had seen that a correction was coming ... and it arrived!
Yesterday USOIL drew a big red candle on the chart, which stopped at a very important point: remember the red line? On June 27th I hypothesized a pullback on this line after the break, but it didn't happen, sign of a very strong uptrend. But ... prices always come back on their way, and now here we are!
At this point it would be prudent to close shorts positions or most of them. I do not exclude that there may be a further drop towards area 69.4 (look at the daily chart in the comments). Moreover, the cycle ends at the beginning of next week.
I'm happy if someone followed my suggestions and made gain.
Have a nice day !!
Nota
69.4 is a very important area: we have the EMA 50, the crossing of the main trendline, and the 0.5 channel of fibonacci. Moreover, the cycle isn't closed, then a further drop is possible
Nota
Pullback and restart completed
Dagangan ditutup: sasaran tercapai
What a trade guys!!! FantasticNota
Nota
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.