OIL STILL BULLISH
Updated
As we spoke previously regarding oil, after hitting the selling targets at the bottom in the green box between 69.92/65.93, which extended from point B at the top, reaching these areas, it is necessary to return to the healthy correction levels in the blue belt at levels between 84.60/79.89.
But as we see, as a trader in the SK system, I find here something positive of the KKI type, which is one of the strongest types of secs in the sk system, as it does not stop in the target areas (C) and does not exceed them usually, achieving higher levels, and confirms this secs that support the record, which does not exist, by rising after a shift. Area B to area Now we are looking to collect the levels of the health level and then we are looking for another entry point from the (BC) area, which is the reversal point after the correction so that the price will always bounce from it to the top to resume the rise. Failure
note :
B = base
BC = base correction
WCL = whole correction level
KKI = correction correction Impulse
But as we see, as a trader in the SK system, I find here something positive of the KKI type, which is one of the strongest types of secs in the sk system, as it does not stop in the target areas (C) and does not exceed them usually, achieving higher levels, and confirms this secs that support the record, which does not exist, by rising after a shift. Area B to area Now we are looking to collect the levels of the health level and then we are looking for another entry point from the (BC) area, which is the reversal point after the correction so that the price will always bounce from it to the top to resume the rise. Failure
note :
B = base
BC = base correction
WCL = whole correction level
KKI = correction correction Impulse
Trade closed: target reached
more pumping after correction
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