USOIL : SIDEWAYS, WAIT FOR BETTER OUTLOOK
Updated
Hello everyone,
I'm posting once again an idea follow the previous one (linked to this one).
It did breach the bottom bar of the triangle but bounced back on the 37.4 support,
Also, it didn't came back at the previous level but bounced on the 37.2 resistance,
We should wait and see what direction it's going to take, you can either anticipate a possible sell or buy (and placing the SL at 1/2 or 3/4 of the corridor as showed in the example) or simply wait for a clear direction taken!
If you enjoy my work, leave a LIKE and FOLLOW! Thank you!
I'm posting once again an idea follow the previous one (linked to this one).
It did breach the bottom bar of the triangle but bounced back on the 37.4 support,
Also, it didn't came back at the previous level but bounced on the 37.2 resistance,
We should wait and see what direction it's going to take, you can either anticipate a possible sell or buy (and placing the SL at 1/2 or 3/4 of the corridor as showed in the example) or simply wait for a clear direction taken!
If you enjoy my work, leave a LIKE and FOLLOW! Thank you!
Comment
Wow, one candle reversal : (Wait for a direction)
Comment
Big rejection front resistance, the green candle was half rejected : Comment
Bottom bar breached!Comment
Comment
Bounced back from under the support/resistance : Comment
I've updated the chart following the supports and also the sideways corridor it's into right now : There is no real direction so far, when it goes down, it goes rejected and vice-versa.
Wait until we have a clear direction.
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