RIG - Potential long opportunity approaching

By ReigningTrades
Updated
This could be a very healthy controlled selling on the way toward a retest of our purple selling channel and potentially a breakout thereafter.

This is what to look out for - and again this is on the weekly chart so definitely look at lower time frames to get a better/clearer picture

Happy Trading :)

- TraderDaddyOG
Trade active
Seeing a nice reaction and bounce off our teal buying continuation activation! Will take first profits at our orange tapered selling algo with larger target at the top of our tapered white channel/purple HTF selling channel
snapshot
controlledsellinghighertimeframelongopportunitySupport and ResistanceTrend AnalysisTrend Lines
ReigningTrades

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