chartsuber

chartsuber

RSI has steady rising. Now price is meeting floor of rising RSI. Will it bounce once again?

chartsuber

Funny because as I just put my first post in yesterday on the "All-time support/resistance level of UKOIL, I didn't think it was going to play a part already: I can't help to stop wonder: Is it a perfect short opportunity? It comes down to how strong the "All-time support" act as (new) resistance, and technically it presents itself as a textbook setup because of...

chartsuber

I have som difficulties in placing the 'All-time bottom trendline'. As you can see from the this weekly chart the 'All-time bottom trendline' is giving support, while in the daily chart (in previous chart-idea that I've posted) it acts as a resistance line. I must admit: It's a bit confusing. Perhaps someone has a more correct answer, please let us know.

chartsuber

In 3-5 trading days (from march 19th - 23rd) Brent Crude could face these resistances at around $56.70: 1. All-time bottom trend line (thick bottom red) 2. Fibonacci time resistance 3. Fork upperband It will then also form the second of a three-wave downward pushe/movement. If it gets there I'll definitly be looking to short it from that spot.