I am bearish on BKR due to the formation of this scythe like pattern, when they form like this they often break down bearishly
Also I am quite bearish on the oil industry in general (for anyone that witnessed the oil drop to $0 barrel) and as the world heads towards more electrical vehicles
The only bullish redeeming quality is the double bottom on the 2.618 fib level, I think the other bearish pattern will act dominantly however
Also I am quite bearish on the oil industry in general (for anyone that witnessed the oil drop to $0 barrel) and as the world heads towards more electrical vehicles
The only bullish redeeming quality is the double bottom on the 2.618 fib level, I think the other bearish pattern will act dominantly however