Oil has been riding that trendline to new heights, but the more times a trendline is tested, the weaker it gets.
this theory has held true once more as price has broken below this MAJOR trendline.
A break of structure can also be spotted as price retests previous areas of support as resistance.
It looks like its time to sell as price seems to have completed the wave sequence of a bearish continuation pattern(bearish flag pattern).
CHECK THE LINKED IDEA FOR THE FULL SETUP
USOIL
Happy trading!!
this theory has held true once more as price has broken below this MAJOR trendline.
A break of structure can also be spotted as price retests previous areas of support as resistance.
It looks like its time to sell as price seems to have completed the wave sequence of a bearish continuation pattern(bearish flag pattern).
CHECK THE LINKED IDEA FOR THE FULL SETUP
USOILHappy trading!!
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。