#USOIL Head & Sholder Formation
USOIL spot possibly forming head and sholder formation which has support aroung 83 - 82, rejection on these levels from bulls can open 75 - 74 range where head and sholder leg is likely to complete.
On the upside 89 - 90 is forming resistance and bulls need to hold above that to form a good bullish move towards 93 - 96
On the upside 89 - 90 is forming resistance and bulls need to hold above that to form a good bullish move towards 93 - 96
Trade active:
Anyone on selling side on expected head & shoulders patterns should aware 83 - 82 is almost reaching.
Manage risk at entery
Manage risk at entery
Trade active:
Hello Friends,
An amazing analysis given to you all that made low of 75 by now. Those who are holding shorts should manage risk at 77.30 now.
why 77.30 because above 77.30 bears would be weakingin on short term chats. good luck
An amazing analysis given to you all that made low of 75 by now. Those who are holding shorts should manage risk at 77.30 now.
why 77.30 because above 77.30 bears would be weakingin on short term chats. good luck
Trade closed: target reached:
Target achived
So My USOIL idea is working perfectly well, It achieved a neck line target around 82 and now trading below neck line give edge to bears who remains in controll likely unless USOILD management to sustained abouve 83.80 - 84 now.
Yes below 82 it can fall to 78 - 74