Hello traders,
USOIL might not follow us to test new low next week.
But at least we got part of that right, it made a support by reaching 104-105.
On weekly right chart, I would see a possible ABC "Z" pattern is ongoing. Price could reack wkly resistance zone agian.
On 6h left chart, ABC wave on this timeframe chart is ongoing. It could reack fibo 1.27 117.22 first .
So for next week, I would say a new swing up first, then think about how it will run before reaching wkly resistance zone. When it up there, think about how it will breakout after.
GOOD LUCK !!!
LESS IS MORE!
USOIL might not follow us to test new low next week.
But at least we got part of that right, it made a support by reaching 104-105.
On weekly right chart, I would see a possible ABC "Z" pattern is ongoing. Price could reack wkly resistance zone agian.
On 6h left chart, ABC wave on this timeframe chart is ongoing. It could reack fibo 1.27 117.22 first .
So for next week, I would say a new swing up first, then think about how it will run before reaching wkly resistance zone. When it up there, think about how it will breakout after.
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.