USOIL on the 4h chart after our previous analysis reached the 80 level and dropped to the 0.618 Fibonacci area exactly over a previous support that has been tested a few times before.
The market anyway did not create a new recent lower high and also for this reason we can keep to search for a long opportunity in the short term.
How can i approach this scenario?
I will wait for a potential break of the 0.5 Fibonacci level and in case the Planxcton's strategy will be satisfied i will set a noce long order.
The market anyway did not create a new recent lower high and also for this reason we can keep to search for a long opportunity in the short term.
How can i approach this scenario?
I will wait for a potential break of the 0.5 Fibonacci level and in case the Planxcton's strategy will be satisfied i will set a noce long order.
Comment:
turning at the expected point