Short
MRO - Collapse Incoming
MRO seems to be topping here at the weak fib 1.382, could struggle up to 1.618 @ $20 but starting to look less likely as it finds resistance under the trendline. Current rally likely to be wyckoff ST.
Plenty of bearish divergence on the weekly + MACD lines entangling.
Expecting a collapse back to lower trendline to hit a retracement fib depending on duration - probably sub $10.
This is in tandem with USOIL collapse.
Not advice.
Plenty of bearish divergence on the weekly + MACD lines entangling.
Expecting a collapse back to lower trendline to hit a retracement fib depending on duration - probably sub $10.
This is in tandem with USOIL collapse.
Not advice.
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.