BP. (BP.) - 30D expiry - We look to Sell at 463.80 (stop at 475.20)
We are trading at overbought extremes.
Broken out of the triangle formation to the downside.
We look for a temporary move higher.
Daily pivot is at 469.60.
Preferred trade is to sell into rallies.
Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be...
📌BP in last week bearish market, fundamentally expecting war between Rus & Uk can have here bearish impact. Currently price in CHANNEL pattern, technically expecting to see higher bearish continuation in next period.
💡 BP. technically based idea, we can see price is on SUPP zone-bouncing, CHANNEL pattern visible, technically indicators showing we can expect...