There’re no surprises here, UKOIL is doing exactly what was supposed to do. In case you missed, in my previous analysis I pointed out that Piercing Line pattern, and if triggered, it’s a long trade. Here’s my last analysis:
If you like faster trades, the hourly chart gave us a nice and very technical trade. Yesterday I pointed about this pattern, Adam & Eve Double Bottom, and today reached its target. Check it out:
I confess that I would like a stronger candlestick today, with a closure way above that blue line, which served as support and resistance in the past, but that’s fine. Let’s be patient here.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
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