While holding the horizontal level the oversold Momentum Peak (2nd panel) is showing a nice spot for an entry around this price level.
Given the Candle Structure Oil might be looking quite good for some more upwards Movement.
- The deviation of the lower Band is showing a strong deviation and good "bottom" given the avg Dailyrange (14) of $1,63 the TP area could be around $45,2
Given the Candle Structure Oil might be looking quite good for some more upwards Movement.
Comment:
The deviation of the lower Band is showing a strong divergence*** and good bottom .... wrong spelling sorry
Trade closed: stop reached