Gasoline (RB1!) has been trading within a 3-year Channel Down and is currently on the latest Bullish Leg that is about to test the 1W MA50 (blue trend-line). All previous Bullish Legs have hit at least the 0.618 Fibonacci retracement level and the 1W MA100 (green trend-line) at the same time.
As a result, we expect this Bullish Leg to continue rising towards the 1W MA100 - 0.618 Fib, targeting 2.0845. If the 1W RSI hits its 60.20 Resistance though first, it will be a signal to sell regardless of the price.
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As a result, we expect this Bullish Leg to continue rising towards the 1W MA100 - 0.618 Fib, targeting 2.0845. If the 1W RSI hits its 60.20 Resistance though first, it will be a signal to sell regardless of the price.
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For Crypto trading I use WhiteBIT: low fees, deep liquidity & advanced futures 👉 tradingshot.short.gy/WhiteBitTrade
For Forex trading I use TradeNation: fixed spreads & zero commissions 👉 tradingshot.short.gy/Tradenation
For Forex trading I use TradeNation: fixed spreads & zero commissions 👉 tradingshot.short.gy/Tradenation
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.