Get started
VaidoVeek

OIL | A Possible Short-term Reversal Area

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
VaidoVeek  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Technical Indicators Chart Patterns Oil Crude Oil WTI wticrude wticrudeoil trading Forex forextrading Crude Oil Technical Analysis
22
0
trendanalysis indicator chartpattern oil usoil wticrude wticrudeoil trading forex forextrading crudeoil technicalanalysis
Hi,

The red box marks a strong resistance area, it consists of:
1. The trendline since 2018
2. The round number 60
3. 3x AB=CD
4. Fibonacci Extension
5. Channel projection
6. 2017 High
7. Recently worked resistance area
8. Weekly EMA200
9. Monthly EMA50
10*. Wait for a bearish candlestick pattern around the red area.

Regards,
Vaido

Related Ideas

VaidoVeek
USOIL - Finally, Really Strong Reversal Signs!!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.