Biconomics

USOIL Double Bottoms formed before Next Rally?

Long
TVC:USOIL   CFDs on WTI Crude Oil
Hello Traders I wish you for a very good day! Here I update all my trade plans and setups based on technicals while nothing in here shared as a trading signal. So take them at your own risk. All these remains as just a prediction until we meet with the required criteria. Best regards!

Its a clear double bottoms formation on a strong support and hope this can support for more upside very soon. Trade setup I am looking for is with a very low risk to a higher reward. And hope this may give another set of good numbers again for the week.

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Comments

Double bottoms on intaday chars are not reliable. I guess that why it didnt work out. Which still doesnt prove you wrong. Oil will recover, the question is when. Well at least not before virus hysteria in media is over and sp500 makes a year low. Might take a month from now, maybe a little more
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