USOIL appears to be reaching a retracement B wave top here after the massive previous blow off top.
Plenty of bearish RSI divergence - it could still probe a bit higher but if it falls from anywhere within the fibs here it should get back to 83.4 ABC 1:1 for first leg down where there is support.
Not advice.
Plenty of bearish RSI divergence - it could still probe a bit higher but if it falls from anywhere within the fibs here it should get back to 83.4 ABC 1:1 for first leg down where there is support.
Not advice.
Note
On target so far.
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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.