USO 15m analysis - Dead-cat-bounce into resistance, now what?

95 0
Considering the bullish momentum divergence coming into today's session it shouldn't have surprised anyone to see us move our way higher today. That divergence seems to have played itself out as the resolution of the current wedge pattern will probably dictate trade going forward. As for price action itself, it is interesting to see how we played with yesterday's two highlighted down trend lines through today's session. First we opened right at the initial, then after a substantial pullback, worked our way ultimately up to the second. Fascinating too, both the pull back from the open and the subsequent rally filled gaps left on the chart. Once the gaps were filled, the moves literally stopped on a dime - both times, remarkable. I have expected the first week or two after the Labour Day weekend were going to be quite volatile - I didn't expect this!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out