Hello Guys,
I see a larger Timeframe Consolidation since some Years from 98 - 70 Dollars. We have approached the middle Line of this Yearly Consolidation Line and see some weekness taking place. However, for this idea to be confirmed I will wait for the black trendline to be broken and have a bearish pattern below it.
This may take place from the green highlighted area of 84-86 - a break of the area with a retest would be bringing more optimism from bullish territories into the fields. Below this I believe that we are going to see a leg lower - with the targets being 80 - 75 - 70 Dollars.
I will use my trading strategy to enter safely on the lower timeframes. Ideally this will happen on the 2h-4h Chart - but I prefer to enter on the hourly.
I see a larger Timeframe Consolidation since some Years from 98 - 70 Dollars. We have approached the middle Line of this Yearly Consolidation Line and see some weekness taking place. However, for this idea to be confirmed I will wait for the black trendline to be broken and have a bearish pattern below it.
This may take place from the green highlighted area of 84-86 - a break of the area with a retest would be bringing more optimism from bullish territories into the fields. Below this I believe that we are going to see a leg lower - with the targets being 80 - 75 - 70 Dollars.
I will use my trading strategy to enter safely on the lower timeframes. Ideally this will happen on the 2h-4h Chart - but I prefer to enter on the hourly.
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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.
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.