UKOIL is trading around $104. VERY important zone in this cycle.
The downside structure points toward $61.5–58.5, with $50–54 below.
On the upside, $112–120 is the key liquidity zone.
A move above $120–124 invalidates the current bearish structure, and a new one will emerge from that. Until then, both directions remain valid.
Price determines the path.
Follow, Boost, Join, Thank You!
Financial Disclaimer: This post is not financial advice. I am not your financial advisor, your life coach, or your legally responsible adult. Always do your own research and never trade based solely on internet content.
The downside structure points toward $61.5–58.5, with $50–54 below.
On the upside, $112–120 is the key liquidity zone.
A move above $120–124 invalidates the current bearish structure, and a new one will emerge from that. Until then, both directions remain valid.
Price determines the path.
Follow, Boost, Join, Thank You!
Financial Disclaimer: This post is not financial advice. I am not your financial advisor, your life coach, or your legally responsible adult. Always do your own research and never trade based solely on internet content.
Operación activa
First Liquidity zone reached! It can react here and "bread" downwards, I don´t think all the way down (but possible), and let´s not forget there are more targets above.
Nota
Almost reached the second Liquidity zone. If the $119.09 level is broken upward will have to redo the TA, the blue targets at the bottom of the chart became invalidated.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.