Hello traders,
USOIL is not a easy one to trade this week.
But it is showing sort of sign of ending correction soon.
This correction could be a double test of the support and rise up to breakout to test fibo 1.27, 86.30later.
Or it is possible to make a double top on 4h chart to make a deeper correction down to next support level before rising up again.
That is why green and yellow arrows on this chart.
I would suggest you take a check again during NY session to decide which way most traders will push.
GOOD LUCK !!!
LESS IS MORE!
USOIL is not a easy one to trade this week.
But it is showing sort of sign of ending correction soon.
This correction could be a double test of the support and rise up to breakout to test fibo 1.27, 86.30later.
Or it is possible to make a double top on 4h chart to make a deeper correction down to next support level before rising up again.
That is why green and yellow arrows on this chart.
I would suggest you take a check again during NY session to decide which way most traders will push.
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.