Before we can continue our rally up, I am expecting a correction to happen that hits our support, or golden zone. After retesting we'll see another bullish momentum. We have a nice bearish cross on wave trend and strong resistance that was tested couple times.
So, I will start with the basic Chart layout and then will continue to dive deeper in to the Analysis.
The Chart is as you can see in a downtrend. And not just on a short time frame (1-5m) also on a bigger one (1h)
The S/R level changed that means that we are on a new Trend level.
At this point UKOIL has no more in the same price movement then the USOIL As...
