Price is in a descending triangle .price broke below. And we see a retest from the support now turned resistance. High probability price might fall to the downside.
Price is in a descending triangle .price broke below. And we see a retest from the support now turned resistance. High probability price might fall to the downside.
We saw us oil broke a major support yesterday the 71 support zone. Many trader will now look for a retest to short. But I speculate the retest might happen around the 72 to 73 resistance zone where we can WTI drop to the down side.
we know price have being bullish for some time now .. price formed a head and shoulder pattern on the 4 hr time frame .. price broke its neck line and we saw a retest.. price is in a short term down trend on the 1hr forming a lowere highs and lower lows.. high probability price might drop in the short term..
We can see price broke out of a strong support but refused to close below. On the 4hr price closed above. High probability price might move back up
Price has broken a very strong support trend line. An expectation now is to see a retest of that broken trend line.
price has a very high probability to reach the 65k level. where i suppose we might see a strong sell of from that level to the 53k level
PRICE broke a mojor support level hihgher probability price might continue to the downside