Yes, I am long on oil too.
Many here taking a view that a reversal is imminent, and the daily support/resistance supports that theory. But the show's not over til the fat lady sings - Remember the basis of identifying a trend - 4H still shows higher highs and lows. I think we'll see a retest which is closer to daily 0.382 FIB around 43.95 before we see the reversal. What do you think?
Many here taking a view that a reversal is imminent, and the daily support/resistance supports that theory. But the show's not over til the fat lady sings - Remember the basis of identifying a trend - 4H still shows higher highs and lows. I think we'll see a retest which is closer to daily 0.382 FIB around 43.95 before we see the reversal. What do you think?
Reply

Nice Chart you got. on my 2hr chart I'm showing we are already at the .618 fib, next is the .50 fib
Reply