USOIL may continue downward trend based on following bearish indications on 4H candles
1. Making new Lower Lows
2. Downward trend-line still valid
3. Reversal from horizontal resistance
at 116 & FR 0.236
Plan A
Sell at 97
SL 104 (when it breaks trend-line)
TP1 89
TP2 82
Plan B
Sell at 88 (below next support level)
SL 97 (FR level 0.618)
TP1 82 (FR level 0.786)
TP2 65 (Support level)
1. Making new Lower Lows
2. Downward trend-line still valid
3. Reversal from horizontal resistance
at 116 & FR 0.236
Plan A
Sell at 97
SL 104 (when it breaks trend-line)
TP1 89
TP2 82
Plan B
Sell at 88 (below next support level)
SL 97 (FR level 0.618)
TP1 82 (FR level 0.786)
TP2 65 (Support level)
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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.
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.