OIL DOOM !
We have finished our retrace ABC and coming back to a textbook W 4 top of the down leg D time frame
All good things come to an end and so OIL will continue its bear trend
Look for a retrace for W B anything 60.20+ is in the kill zone
T 1 is 56 or W 4 of the retrace
T2 roll stops as this could get ugly as We build a impulse down to a potential of $35+ on the long term
All good things come to an end and so OIL will continue its bear trend
Look for a retrace for W B anything 60.20+ is in the kill zone
T 1 is 56 or W 4 of the retrace
T2 roll stops as this could get ugly as We build a impulse down to a potential of $35+ on the long term
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.