||UKOIL FLIRTING WITH 50.5X SELL OFF ? (CONTINUATION)
We are into the 3rd week of 2021 after we had a bounce off 57 highs on oil the previous week
huge trend line touch (3rd touch) crucial for a rejection to the downside with evidence of a continuation pattern( head and shoulders) with price selling off a solid 200 points as of last week
Price is currently hovering around the neck of this H&S pattern and very likely to continue downwards as we head into New York session after we gained some momentum at the open.
Potential targets are 1:9/10 risk reward position ,lets see how it fairs out .
huge trend line touch (3rd touch) crucial for a rejection to the downside with evidence of a continuation pattern( head and shoulders) with price selling off a solid 200 points as of last week
Price is currently hovering around the neck of this H&S pattern and very likely to continue downwards as we head into New York session after we gained some momentum at the open.
Potential targets are 1:9/10 risk reward position ,lets see how it fairs out .
Dagangan ditutup: hentian tercapai
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.