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Here is the analysis of OIL
I like setup, here is why
we have a falling channel, potentially ended with a double bottom, with RSI divergence confirming a valid falling channel and a valid double bottom, also we have prices broke out the channel after Trump called the Saudi's and Russia yesterday, and potentially short-covering resulted in prices ran a whopping 20% plus.
I will look for a chance to go long on a lower time frame.
the optimistic scenario for black gold it can go and hit 30$ before it continues to 35$
Now we only sit and watch
Stay Safe Everyone
_____________________________________________________________________________
Dear Traders, the best "Thank you" will be your likes and comments!
Before Trading our ideas make your own analysis.
Thanks for your continued support!
_____________________________________________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Here is the analysis of OIL
I like setup, here is why
we have a falling channel, potentially ended with a double bottom, with RSI divergence confirming a valid falling channel and a valid double bottom, also we have prices broke out the channel after Trump called the Saudi's and Russia yesterday, and potentially short-covering resulted in prices ran a whopping 20% plus.
I will look for a chance to go long on a lower time frame.
the optimistic scenario for black gold it can go and hit 30$ before it continues to 35$
Now we only sit and watch
Stay Safe Everyone
_____________________________________________________________________________
Dear Traders, the best "Thank you" will be your likes and comments!
Before Trading our ideas make your own analysis.
Thanks for your continued support!
_____________________________________________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
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