A good buy opportunity to 53 for oil traders.
Note
Hourly chart. Bullish trend after clear RSI divergence.Note
Price retraced under thin line. Watch for breakout of the indicated levelNote
Potential alternative view if price rebound on green colored levelNote
Alternative view confirmed. TP level @48.5
Note
Oil still moving inside this bullish green channel. I'm waiting a retracement around 52 before taking short positionOrder cancelled
Pattern invalidated. Changed my view :)
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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.