eirik.kaasa

Countertrend long after heavy selling

Long
eirik.kaasa Updated   
TVC:UKOIL   CFDs on Brent Crude Oil
We are still in downtrend, but still a lot of buy orders residing in the blue demand-area. Expect 50% FIB- rally from last high-low, followed by pullback to demand-area and then explosive upward move to upper supply.
Comment:
I think I will use TradingView as my journal. I will do my analysis and backtesting and post every analysis as an idea here. I am not sure if I can upload several images, but if so, I can update my analysis in steps.
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