Hello traders:
Last Friday's Alert: [Early Friday morning, during the closing hours of Thursday's US session, oil reached our second target, and long positions were closed with profit! New long positions are not recommended at this time!
This is because on the 4-hour chart, oil showed alternating bullish and bearish candle patterns, which signals short-term consolidation or volatility.]
On the daily chart, oil closed bearish on Monday, forming a reversal and retracement signal for the daily trend.
Therefore, using support structure levels, the short-term retracement targets are:
TP1: 71.80
TP2: 70.50
GOOD LUCK!
LESS IS MORE!
Last Friday's Alert: [Early Friday morning, during the closing hours of Thursday's US session, oil reached our second target, and long positions were closed with profit! New long positions are not recommended at this time!
This is because on the 4-hour chart, oil showed alternating bullish and bearish candle patterns, which signals short-term consolidation or volatility.]
On the daily chart, oil closed bearish on Monday, forming a reversal and retracement signal for the daily trend.
Therefore, using support structure levels, the short-term retracement targets are:
TP1: 71.80
TP2: 70.50
GOOD LUCK!
LESS IS MORE!
Order cancelled
USOIL did not make a strong bearish signal on 1H chart in the Early Euro session.Instead, it rallied up to break the EMA.
Note
Note
USOIL could run inside a Expansion triangle.
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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.
Join Free Telegram Group to get all the updates: t.me/FuntraderVera
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.