We're watching a beautiful consolidation on the daily chart. Price is coiled between $152.00 and $154.50.
This is not a time for guesswork. This is an IMMINENT BREAKOUT. This is how I’m viewing the setup for today.
• BULLISH Trigger: A 2-Up candle break above the recent high of $154.50. Target the $156.00 resistance first.
• BEARISH Trigger: A 2-Down candle break below the recent low of $152.00. Target $150.00 and the 200-day MA.
Which way does the oil giant move today?
This is not a time for guesswork. This is an IMMINENT BREAKOUT. This is how I’m viewing the setup for today.
• BULLISH Trigger: A 2-Up candle break above the recent high of $154.50. Target the $156.00 resistance first.
• BEARISH Trigger: A 2-Down candle break below the recent low of $152.00. Target $150.00 and the 200-day MA.
Which way does the oil giant move today?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.