Oil Chart for Day Traders & Scalpers 6/16/23
For the short term traders in oil, we continue to buy all dips...
1) Oil needs to close above Wave 2, $70.80 which is B leg of the Bullish Cypher
2) 71.50 is short term resistances for oil, eventually prev. resistances will become support
3) Wave 2 is B leg of the bullish Cypher
4) C leg breakout from the 2nd cup/handle breakout
5) A retrace from $73 could set up a bearish cypher, (buy the dip)
6) Im looking for $75 oil by end of Next Week
1) Oil needs to close above Wave 2, $70.80 which is B leg of the Bullish Cypher
2) 71.50 is short term resistances for oil, eventually prev. resistances will become support
3) Wave 2 is B leg of the bullish Cypher
4) C leg breakout from the 2nd cup/handle breakout
5) A retrace from $73 could set up a bearish cypher, (buy the dip)
6) Im looking for $75 oil by end of Next Week
Note
Note
Note
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.
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.