USOIL met a big resistance at upper line of the decline channel and was rejected back yesterday. It forms a nice short setup if it breaks down the sharp rising channel.
Good luck for everyone!
No confirmation, no trading!
Notes: if it breaks out of the decline channel, this setup will be invalid!
Good luck for everyone!
No confirmation, no trading!
Notes: if it breaks out of the decline channel, this setup will be invalid!
Note
It seems that it got supported from the rising channel. This setup might be invalid. I will open long if it breaks out of the decline channel.Trade active
Double top formed.Note
The double top neckline was broken. Nice progress!Trade closed manually
Choppy oil~~~Trade active
Note
Triple top formed!Note
Nice progress! The triple top neckline was broken!Note
TP1 was touched! 41.8 was broken. I move the SL to 42.28.Note
Half of position was closed. The remaining SL moved to 42.17.Trade closed: target reached
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Related publications
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.