Long
Long MDR Energy Sector Services
https://www.tradingview.com/chart/XSsAXP62/
Break up from Double Bottom,nice consolidation consider longing after 10.70. Measured move for Double bottom is $15.55 or fib extension 161.80%
measured move for double bottom is taken from the lowest price of the pattern to the top of the patter in this case $10.59. Also marked by an open window (gap). Gaps act as support or resistance. Several daily candles already punctured this resistance level.
My view on oil is bullish.
Break up from Double Bottom,nice consolidation consider longing after 10.70. Measured move for Double bottom is $15.55 or fib extension 161.80%
measured move for double bottom is taken from the lowest price of the pattern to the top of the patter in this case $10.59. Also marked by an open window (gap). Gaps act as support or resistance. Several daily candles already punctured this resistance level.
My view on oil is bullish.
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