USO trying to break above the $83 area for the fifth time since 2023 here. If it can manage to do so I'd be expecting a much bigger move. Potentially all the way up to the trendline above or the high from 2022 around $93.
Ideal long entry would be on a break and retest of $83, or just longing on the break since it could be a while before it retests. Just have to be careful for a potential fake out which could lead to yet another big rejection.
Ideal long entry would be on a break and retest of $83, or just longing on the break since it could be a while before it retests. Just have to be careful for a potential fake out which could lead to yet another big rejection.
You reap what you sow.
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VIP Lifetime Access Program:
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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.