Oil has pulled back to the 0.5-0.618 retrace level of it last leg down and consequently lines up with the previous key level break of $123..
I will wil be watching this area closely to see how price reacts on the smaller timeframes for either a rejection , consolidation at level or possible break through.
Have a great week of trading !
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
I will wil be watching this area closely to see how price reacts on the smaller timeframes for either a rejection , consolidation at level or possible break through.
Have a great week of trading !
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
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.
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.