Hello traders,
This a new week outlook for usoil.
First let review last week outlook.
USOIL did not make a lower support than FIBO 382 but keep rising up all week to 86.
The resistance zone now has become a support zone which could be a position for support or fake breakout.
So, for the simplest plan is that price retest the support and make a new high up to fibo 1.27-1.414.
The second plan is USOIL turn down for a fake breakout, making a long shadow candlestick to position 2 and rising up again with Z pattern and make up to FIBO 1.27-1.414 or higher position.
See, all plans for this week are looking for position to buy not sell.
Would you agree?
GOOD LUCK!!!
LESS IS MORE!
This a new week outlook for usoil.
First let review last week outlook.
USOIL did not make a lower support than FIBO 382 but keep rising up all week to 86.
The resistance zone now has become a support zone which could be a position for support or fake breakout.
So, for the simplest plan is that price retest the support and make a new high up to fibo 1.27-1.414.
The second plan is USOIL turn down for a fake breakout, making a long shadow candlestick to position 2 and rising up again with Z pattern and make up to FIBO 1.27-1.414 or higher position.
See, all plans for this week are looking for position to buy not sell.
Would you agree?
GOOD LUCK!!!
LESS IS MORE!
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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.
Join Free Telegram Group to get all the updates: t.me/FuntraderVera
Related publications
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.