Massive money making opportunity in oil, inverse H/S looking to potentially breakout... Buy anything over 50.40 w/ next resistance is at upper 50's
I'm day trading/ staying short looking for 49.38 before moving in to a long position.
I decided to go back to the basics and pull in the classic Fib into the image.
I see more downside in the near term, but I also see potential for more short squeezes' The market is extremely volatile.
Trade with caution