waiting for the double bottom

FX:UKOIL   CFDs on Crude Oil (Brent)
30 2 3
UKOIL             now at the bottom
if there is a double bottom and do not break 47.8
long UKOIL             @ the bottom
stop loss below 45
target at 62

Related Ideas

Nice analysis!

So you don't expect a "straight recovery" like it was back in Jan (from ~48 to 58)?
I'm kind of getting convinced that it is upwards from here, but cannot decide if now (~49 - 50) is the right entry point.

Are you trading this one?
Warden thiagonobre
it safe and worthy to wait
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