A bounce of the trend line confirmed on Friday. Now looking at 4 hour chart, a double bottom formed and price is at the neckline.
A break to the upside tomorrow would be a buy. With virus outbreak causing disruptions in oil demand for China price slumped.
For now catching the pullback, could still see the downside later, depending on the news.
Good Luck!
A break to the upside tomorrow would be a buy. With virus outbreak causing disruptions in oil demand for China price slumped.
For now catching the pullback, could still see the downside later, depending on the news.
Good Luck!
Comment:
4 hour chart