USOIL is looking like it may move higher.
We have found a bottom (point 5 green) and a nice reversal higher.
We have made it above point 4 - creating new high and we should take nice profits now.
Now we expect a reversal to the breakout - blue line.
If it gets there we'll examine the price action to see if we can go long again and continue the swing higher.
We have found a bottom (point 5 green) and a nice reversal higher.
We have made it above point 4 - creating new high and we should take nice profits now.
Now we expect a reversal to the breakout - blue line.
If it gets there we'll examine the price action to see if we can go long again and continue the swing higher.
Note
We're fast approaching the breakout now. Keep an eye on this one, the 382 is not too far below the breakout as well...
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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.