After a big fall, the OIL ETF presents an excellent BUY opportunity. Yesterday, the DBO close's created a bullish hammer pattern.
The target is the close the GAP. The stop loss is right bellow the hammer's minimum.
Depois de uma grande queda, o OIL ETF apresenta...
Some will argue that Oil bottomed in 2016 and the C wave was completed there and then and we have now embarked another bull run. This count however suggests that there is in fact another leg down to be completed. As ever, time will tell.