is in an ascending wedge
prices are falling. PBR
is testing resistance at $7.50 for the third time. USOIL
tested support at $46 for the third time and broke down through that support. It now appears to be in a downward channel
. Being new to this, I opened a short position on PBR
two days ago and added to it yesterday. Ideally, I should have waited until PBR
breaks downward . I will short PBR
hard if it breaks down while USOIL
is also falling.
I am new to this with no track record of success. Don't make any trades based solely on my posts.