Oil is in a big downtrend channel on the weekly timeframe.
After hitting the top of that channel, price got rejected.
Now, if it breaks below its daily channel, I’m expecting it to drop all the way down to the bottom of the bigger channel
After hitting the top of that channel, price got rejected.
Now, if it breaks below its daily channel, I’m expecting it to drop all the way down to the bottom of the bigger channel
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.
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.