So finally as expected in the first chart I've made about this structure oil went down on it's last stop to raid before make a higher high. Seems like it found a double top, this wont last for ever USOIL will raid that stop for sure.
There are few possible cases:
1st: Keep bouncing from current trend channel and raid this "double top" and maybe further
2nd: Break this vertical trend channel and find a bottom at an old stop zone raided and raid this "double top".
3rd: New low. (Low odds)
Regards and happy trading!
There are few possible cases:
1st: Keep bouncing from current trend channel and raid this "double top" and maybe further
2nd: Break this vertical trend channel and find a bottom at an old stop zone raided and raid this "double top".
3rd: New low. (Low odds)
Regards and happy trading!
Trade active:
Perfect bounce from stop pool.
