USA Compression compressing further in price. USACGoals 16, 15. Invalidation at 19.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
USAC
USAC SHORTWe recommend to take a short position as the price is currently at the resistance and the higher boundary of the Keltner Channel. Moreover current market conditions RSI and Stochastic are favouring bears and we expect it to go down towards the previous resistance which should be acting as a support.
Entry and target are shown in the chart.
No financial advice.