Here I have USOIL on the 4Hr Chart!
The beginning of this week seen what was a Fake-Out of the Bearish Break of this Bullish Channel!
Now typically in this case, a Bullish Channel preceded by a Strong Downtrend move signals a Trend Continuation pattern in the potential form of a Bear Flag!
With this possible trade idea, my expectation is that we look for a VALID BREAK to the DOWNSIDE!!
BUT there is always the possibility Oil was able to find enough Support after having visited the 68 - 67 Support Area!!
With that being said, Lets see which way OIL BREAKS?!
The beginning of this week seen what was a Fake-Out of the Bearish Break of this Bullish Channel!
Now typically in this case, a Bullish Channel preceded by a Strong Downtrend move signals a Trend Continuation pattern in the potential form of a Bear Flag!
With this possible trade idea, my expectation is that we look for a VALID BREAK to the DOWNSIDE!!
BUT there is always the possibility Oil was able to find enough Support after having visited the 68 - 67 Support Area!!
With that being said, Lets see which way OIL BREAKS?!
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
Haftungsausschluss
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For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.