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ETrades1
Sep 19, 2020 7:32 PM

OIH reversing higher from 109-107.2 area Long

VanEck Oil Services ETFArca

Description

3 Fibonacci price relationships in the 109-107.2 area
.618 extension red dot swing low
1.0 extension of blue dot swing low
.618 retracement of move from March low

VWAP from March low has acted as support throughout the move higher

Comment

Next level would be 100% extension of the red dot swing = $84-85
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