USOIL-bias long
Bullish indications:
Inverted head and shoulder pattern.
Resistance broken.
Morning star candle from higher low.
Defined the bottom at 67.82 as its a major support respected multiple times.
Bullish divergence in day time frame.
Bullish engulfer candle in 4 hr time frame.
Bearish indications:
LLLH.
Major resistance ahead.
Trade plan bias long @ 72.65
SL:70.21
TP1:75.15
TP2":77.39
Inverted head and shoulder pattern.
Resistance broken.
Morning star candle from higher low.
Defined the bottom at 67.82 as its a major support respected multiple times.
Bullish divergence in day time frame.
Bullish engulfer candle in 4 hr time frame.
Bearish indications:
LLLH.
Major resistance ahead.
Trade plan bias long @ 72.65
SL:70.21
TP1:75.15
TP2":77.39
Note
TP1 HIT
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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.