USOil is still within Bearish channel. It may or may not hit the upper TL. I expect some correction before springing up to challenge the TL. A break above 52 will turn price bullish. As long as price is below 52, I will remain short. I will be trading off of the daily chart this time.
NB: I trade different time frames depending on the analysis. It could be intraday 1hr, intraweek 4hrs or intramonth daily or intraquarter Weekly.
Yes! I coined some of the words. But you know what I mean--that's what matters most.
NB: I trade different time frames depending on the analysis. It could be intraday 1hr, intraweek 4hrs or intramonth daily or intraquarter Weekly.
Yes! I coined some of the words. But you know what I mean--that's what matters most.
Note
Captured oil short from 47.20. Closed at 45.50. Overall, it moved as analyzedNote
Lower High on daily. Lower Low on daily. Still looking down. I will trade daily chart on this one.
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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.