Yesterday the resistance at 47 was broke and became now support.
According to our daily analysis , if US OIL break the levels at 48.20 - 48.50 it's very likely that will be reaching the 49.27 - 50.10 zone. If the US OIL drop below 47.03 - 46.80, then will try to find next support at 46.46 - 45.98.
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Resistance zone intanct
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patterntrader
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In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.
Thank you for sharing this chart. Continue your good work.