Oil Descending Triangle Idea 03272017
Confirmation to execute this idea will be dependent on PA (Price Action) closing below $47.00, which will be out of the PRZ (Price Reversal Zone). It has respected this zone more than once, which highlights how strong this support area has been and how significant it will be if it can close below it. Be mindful of API and EIA weekly inventory data while trading this commodity.
(My opinion, trade at your own risk)
(My opinion, trade at your own risk)
Trade closed manually
Didn't enter trade, price never came down to satisfy the above mention trade conditions.
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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.