GOING LONG IN USOIL
Hello traders
Bearish indication
1. dow theory - bearish trend. hl - ll
2. bearish engulfing candle pattern
3. price level below 23.8% fib level
4. bearish parallel channel in continuation.
5. moderatly bullish in december
Bullish indication
1. price level at above fib level 23.80
2. price level at 4 hour support
3. decrease in volume - possible divergence ahead
4. st-dev under 1.0 showing price at fare value
Trade plans shared in chart
Regards.
Bearish indication
1. dow theory - bearish trend. hl - ll
2. bearish engulfing candle pattern
3. price level below 23.8% fib level
4. bearish parallel channel in continuation.
5. moderatly bullish in december
Bullish indication
1. price level at above fib level 23.80
2. price level at 4 hour support
3. decrease in volume - possible divergence ahead
4. st-dev under 1.0 showing price at fare value
Trade plans shared in chart
Regards.
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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.
Related publications
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.