USOIL : SIDEWAYS, WAIT FOR BETTER OUTLOOK
Hello everyone,
I'm posting once again an idea follow the previous one (linked to this one).
It did breach the bottom bar of the triangle but bounced back on the 37.4 support,
Also, it didn't came back at the previous level but bounced on the 37.2 resistance,
We should wait and see what direction it's going to take, you can either anticipate a possible sell or buy (and placing the SL at 1/2 or 3/4 of the corridor as showed in the example) or simply wait for a clear direction taken!
If you enjoy my work, leave a LIKE and FOLLOW! Thank you!
I'm posting once again an idea follow the previous one (linked to this one).
It did breach the bottom bar of the triangle but bounced back on the 37.4 support,
Also, it didn't came back at the previous level but bounced on the 37.2 resistance,
We should wait and see what direction it's going to take, you can either anticipate a possible sell or buy (and placing the SL at 1/2 or 3/4 of the corridor as showed in the example) or simply wait for a clear direction taken!
If you enjoy my work, leave a LIKE and FOLLOW! Thank you!
Comment:
Big rejection front resistance, the green candle was half rejected :
Comment:
Bottom bar breached!
Comment:
Comment:
Bounced back from under the support/resistance :
Comment:
I've updated the chart following the supports and also the sideways corridor it's into right now :
There is no real direction so far, when it goes down, it goes rejected and vice-versa.
Wait until we have a clear direction.
Wait until we have a clear direction.
(Wait for a direction)