My chart describes a possible Short opportunity for USOIL.
I have illustrated a complex pull back. Into the edges of a previous price consolidation zone.
Confirmed Lower Low Bearish Trend.
My prediction Anticipates a rest of the lows.
More natural disasters at hand. Hurricane Irma. Previous storm in Texas, Cause for a selling market for USOIL. Keeping that in mind.
Will update this with my trading coordinates.
I have illustrated a complex pull back. Into the edges of a previous price consolidation zone.
Confirmed Lower Low Bearish Trend.
My prediction Anticipates a rest of the lows.
More natural disasters at hand. Hurricane Irma. Previous storm in Texas, Cause for a selling market for USOIL. Keeping that in mind.
Will update this with my trading coordinates.
Trade closed: stop reached
Note
Althought this trade did blow through my stop. i was able to reposition. For the short at the next resistance above. This was an result of poor confirmation. I believe i used a limit order. I shall Learn.
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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.