COULD THIS BULLISH CANDLE JUST BE AN FTR (FAILURE TO RETURN)
OIL HAS BEEN TOO BEARISH FOR IT JUST TO TURN AND HEAD UPSIDE IN THE MIST OF EVERYTHING HAPPENING FUNDAMENTALLY.
PLAYING AROUND WITH THIS CHART I SEE TWO POSSIBLE SCENARIOS ON USOIL
A RETEST OF FIB LEVEL 1.618 (27.82)
OR THE CURRENT CANDLE IS SIMPLY AN FTR AND WE ARE CONTINUING TO THE THE DOWNSIDE TO PUSH IT I'M LOOKING AT FIB LEVEL 2.618 (11.31) WHEN I THINK OF THE MOMENTUM TO THE DOWNSIDE
AND MY CCI MY MA'S ARE JUST THE 7 AND 14 BUT THEY ARE ALSO NOT SHOWING ANY SIGNS OF WEAKNESS TO A POINT OF A REVERSAL
ON USOIL I WOULD WAIT TO GET A CLEAR FEEL AT LEAST WAIT FOR TODAY
BUT I FEEL TECHNICALLY USOIL IS STRONGLY BEARISH
IF YOU TAKING IT
TIGHT STOP
RISK MANAGEMENT....
OIL HAS BEEN TOO BEARISH FOR IT JUST TO TURN AND HEAD UPSIDE IN THE MIST OF EVERYTHING HAPPENING FUNDAMENTALLY.
PLAYING AROUND WITH THIS CHART I SEE TWO POSSIBLE SCENARIOS ON USOIL
A RETEST OF FIB LEVEL 1.618 (27.82)
OR THE CURRENT CANDLE IS SIMPLY AN FTR AND WE ARE CONTINUING TO THE THE DOWNSIDE TO PUSH IT I'M LOOKING AT FIB LEVEL 2.618 (11.31) WHEN I THINK OF THE MOMENTUM TO THE DOWNSIDE
AND MY CCI MY MA'S ARE JUST THE 7 AND 14 BUT THEY ARE ALSO NOT SHOWING ANY SIGNS OF WEAKNESS TO A POINT OF A REVERSAL
ON USOIL I WOULD WAIT TO GET A CLEAR FEEL AT LEAST WAIT FOR TODAY
BUT I FEEL TECHNICALLY USOIL IS STRONGLY BEARISH
IF YOU TAKING IT
TIGHT STOP
RISK MANAGEMENT....
Trade active:
WAIT FOR ENTRY
Trade active:
THE BEARS ARE IN PLAY LETS SEE THE MARKET OPEN
Trade active