CVX downtrend intact
Updated
After the breakout of the uptrend trendline, on a pullback, the price found resistance at 38.2% Fibonacci retracement level. We are looking at this short opportunity while watching the most recent high.
Overall, CVX is expected to drop down to the key Fibonacci support, which is a 61.8% retracement level.
Overall, CVX is expected to drop down to the key Fibonacci support, which is a 61.8% retracement level.
Order cancelled
We are closing now at break even
📱 Telegram: t.me/Tradexcel
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.