$USOIL - Oversold, but stay away #oil #SPX $SPY
Oil is vicious.
I recommend staying away - catching this knife appears challenging to swing.
Moving averages are about to collide, statistically this is saying in the bollingers that the trend down is VERY powerful. I don't think that much momentum is going to slow down too fast.
GL trading this long - I'm sure there will be a few of you.
I recommend staying away - catching this knife appears challenging to swing.
Moving averages are about to collide, statistically this is saying in the bollingers that the trend down is VERY powerful. I don't think that much momentum is going to slow down too fast.
GL trading this long - I'm sure there will be a few of you.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.