Chevron Corporation
Short
Updated

CVX downtrend intact

99
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.
Order cancelled
We are closing now at break even
snapshot

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