After massive drop in oil price which the main reason for that -fundamentally- still complected due to many synaptic reasons like the base concept of supply and demand theory , china growth slowing and unstable political condition in the Middle East .
For Technical analysis ,the chart shows potential bullish impulse as based in following :-
1- Valid Carb Pattern.
2-Valid two ABCD pattern
3-The trend hit the lower level for the bearish channel.
4- Valid RSI Regular divergence.
For Technical analysis ,the chart shows potential bullish impulse as based in following :-
1- Valid Carb Pattern.
2-Valid two ABCD pattern
3-The trend hit the lower level for the bearish channel.
4- Valid RSI Regular divergence.
Trade closed: target reached
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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.