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.
Transaction en cours
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.
Note
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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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.