PBR is in an ascending wedge while USOIL prices are falling.
PBR is in an ascending wedge while USOIL prices are falling. PBR is testing resistance at $7.50 for the third time. USOIL tested support at $46 for the third time and broke down through that support. It now appears to be in a downward channel. Being new to this, I opened a short position on PBR two days ago and added to it yesterday. Ideally, I should have waited until PBR breaks downward . I will short PBR hard if it breaks down while USOIL is also falling.
I am new to this with no track record of success. Don't make any trades based solely on my posts.
I am new to this with no track record of success. Don't make any trades based solely on my posts.
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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.